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 consensus—as expressed by the market—that there are only two possible futures for Palm: acquisition, or insolvency.
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