Analysts Continue to Downgrade Palm
And the hits just keep on coming. After yesterdays surprising revenue warning, the analysts are chiming in today with further negative reports and many are beginning to question Palms long-term viability. Tech Trader Daily has a good round up of analyst notes and MarketWatch has published a detailed article on the situation as well citing many of the same sources.
Jim Suva, at Citigroup reports: He Maintains a Sell rating, but adds Palm to his "Top Picks Live" list, as a short. Target to $1.20, form $3.75. He says the consensus "is underestimating the fundamental product issuees leading to even more sales and profit pressures ahead." He has "concerns for liquidity" for FY 2010 due to lack of cash flow and increased competition. "We are not convinced Palm's new products," due in the 2009 first half, "are strong enough or will come fast enough to overcome current product and economic challenges."
Shares of Palm stock today opened at another all time low in the ~1.20 range. It is currently trading down about 15% at 1.61 with a couple hours remaining.
Update: Palm shares actually closed higher today, up 0.14 at 2.02 for a gain of 7.45% on an overall market rally.
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RE: Request
paint it black
I see a Centro and I want it painted black
No colors anymore I want them to turn black
I see the girls walk by dressed in their summer clothes
I have to turn my head until my darkness goes
I see a line of cars and they're all painted black
With flowers and my love both never to come back
I see people turn their heads and quickly look away
Like a new born baby it just happens every day
I look inside myself and see my heart is black
I see my Centro and it has been painted black
Maybe then I'll fade away and not have to face the facts
It's not easy facing up when your whole world is black
RE: Request
> have helped out PR issues.
(1) Jeff Hawkins said Jeff Hawkins is a former officer at Palm in his last SEC filing, a filing about the sale of a large number of shares of Palm stock:
- http://tinyurl.com/hawkinsselloff
(2) One of the better comments to help PR issues made by Hawkins was, during THE introduction of the Fooleo at the All Things Digital schmooze, was "I wish it had a more powerful processor" (perhaps a slight paraphrase).
RE: Request
RE: Request
That's an interesting comment - I =just= made a similar comment on a Sonus Networks Yahoo message board! Sonus apparently canned a bunch of high-priced Americans and outsourced a boatload of positions to India. According to Sonus the India programmers are a factor of =3.5= less expensive! You cannot argue with that shortterm economic picture. But as I commented in that yahoo post:
- http://tinyurl.com/outsourcehit
RE: Request
N97, 5800
Does the company with the first touch screen phone have anything comparable to offer?
RE: N97, 5800
RE: N97, 5800
In some ways, RIM, Nokia and the likes of Samsung and HTC in the same boat with Palm and its crusty old OS but at least the former companies on the list care about their hardware specs & styling. Palm cannot be bothered to care about the OS or the hardware at this stage of the game.
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->Zodiac 2->TX->Verizon Treo 700P->Verizon Treo 755p
RE: N97, 5800
The simplicity and flexibility of the OS and the huge range of programs available for it were why everyone stuck with them through their years and years of mis-steps. People tolerated the inroads toward WinceMob because they thought that once they pushed out one of those phones to appease the fanboys they'd finally concentrate on finally getting out the new and improved operating system we've been promised and expecting since the early part of this century.
Instead, they dumbed down the (real) Treo into a Centro, and keep spinning their wheels with new color releases.
Sad, they coulda' been a contender. "It's the OS, stupid."
Paying my annual PDA update tax to Palm since 1997.
RE: N97, 5800
So is that it from Nokia? Two more weak-ass phones?
And their death spiral continues.
Buh-bye, Finland!
NEXT!
RE: N97, 5800
Yeah, Apple is in waaaay trouble now.
ROTFLMAO.
Those Finns. Now they do comedy. Or is it simply their usual farce?
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Request
Or should we just place Palm Inc. in the Palm Graveyard?
http://www.palminfocenter.com/graveyard.asp
If anyone wants to make a quick buck and speed up the process, they can short-sell Palm.
-Bosco
m105 -> NX70v -> NX80v -> iPhone -> iPhone 3G