ars technica: “In January of 2009, shares of Palm traded at a little over $3 as everyone awaited details of the once-mighty smartphone maker’s plans to save itself from certain death. In the wake of the Pre’s successful unveiling later that month at CES, Palm’s stock price more than doubled, and optimism about the Pre’s prospects eventually drove shares to a high of over $17 in October of last year. But as of this past Friday’s earnings report, sales are way below Palm’s and Wall Street’s expectations, the company has little cash left on hand, and shares of PALM have dropped all the way back down to $4. There’s a growing consensusâ€”as expressed by the marketâ€”that there are only two possible futures for Palm: acquisition, or insolvency.” – Darn. I’ve always been a Palm fan. I had a Handspring Visor and used it for years, and I’ve even written, and contributed to, applications that run on the original Palm platform. The new Pre, and more specifically WebOS, are beautifully designed. In fact I’d put them firmly in second place to the iPhone. I would hope they won’t go away, but I’m not sure who would be interested in acquiring them at this point. A few months back I’d have said Microsoft was the perfect place for Palm but with the introduction of Windows Phone 7 (what a horrible name) I think Microsoft is now in a fairly decent position to be a good number three or four in the market. About a year ago I considered moving to Sprint for my cell service and the Pre was a natural choice, hard to beat unlimited use for $70.00 a month, the same plan on AT&T, with an iPhone, would run $119.00.
Anywho, I hope Palm can manage to stick around. They’re now offering the Pre at Verizon, which is a very popular carrier, and Verizon still doesn’t have the iPhone of course. Once the iPhone hits these other carriers it could be game over.
2 replies on “I like Palm”
Did you see this?
Hey Steven, no I hadn’t seen it until now. 🙂
Thanks for the link.
Poor Palm. Dang, I love that company.