Palm Pre Touch Phone » Shaw Wu http://www.palmpretouchphone.com Everything Palm Pre, We Feed You! Sun, 12 Feb 2012 05:15:34 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Analysts and investors drop Palm like a hot rock made out of death; stock ends day down 29% http://www.palmpretouchphone.com/palm/analysts-and-investors-drop-palm-like-a-hot-rock-made-out-of-death-stock-ends-day-down-29/ http://www.palmpretouchphone.com/palm/analysts-and-investors-drop-palm-like-a-hot-rock-made-out-of-death-stock-ends-day-down-29/#comments Fri, 19 Mar 2010 20:09:45 +0000 Derek Kessler 15218 at http://www.precentral.net  Palm HQ

“Palm is essentially an accelerating death spiral.”

That’s not a good thing to hear, and given yesterday’s bleak financial report, we can’t say we disagree (though we do maintain that it is possible to pull out of a death spiral). That little nugget comes from Ilya Grozovsky, analyst at Morgan Joseph & Co. As CNN Money noted, Grozovsky was one of two analysts to cut their price targets on Palm stock to a heart-stopping $0/share. By valuing the stock at zero, Grozovsky and Peter Misek of Canaccord Adams are declaring that Palm the company is worth nothing.

Those two doomsayers aren’t the only ones kicking Palm to the curb. At this point, not a single analyst will recommend buying Palm stock. Given Palm’s current cash burn rate, most estimate that Palm has only about twelve months to execute a turnaround or find a suitor with deep pockets.

read more

]]>  Palm HQ

“Palm is essentially an accelerating death spiral.”

That’s not a good thing to hear, and given yesterday’s bleak financial report, we can’t say we disagree (though we do maintain that it is possible to pull out of a death spiral). That little nugget comes from Ilya Grozovsky, analyst at Morgan Joseph & Co. As CNN Money noted, Grozovsky was one of two analysts to cut their price targets on Palm stock to a heart-stopping $0/share. By valuing the stock at zero, Grozovsky and Peter Misek of Canaccord Adams are declaring that Palm the company is worth nothing.

Those two doomsayers aren’t the only ones kicking Palm to the curb. At this point, not a single analyst will recommend buying Palm stock. Given Palm’s current cash burn rate, most estimate that Palm has only about twelve months to execute a turnaround or find a suitor with deep pockets.

read more

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