[From Hans] Analyst Pablo Perez-Fernandez, the wireless analyst at Global Crown Capital has advised to sell Palm shares on the back of a rumour that venture capital firm Elevation Partners, may be looking to unload its stake in Palm. "In his note this morning, Perez-Fernandez chides the company's strategy to pay a one-time, $900 million dividend to engineer Elevation's 25 percent stake for $325 million made no sense then, and is even more difficult to swallow today, given the company's current financial straits. He asks, "We would like to know whose idea it was to take on $400 million in debt to pay out a $900 million, one-time dividend so that Elevation's $325 million investment would equal roughly 25 percent of Palm?" He adds that the company today has a negative $140 million in net cash, and could burn at least $80 million to $100 million over the next four quarters. And that grim outlook at a time when he says it's next to impossible to raise new capital. Perez-Fernandez throws it out there that Elevation might divest, but he offers nothing concrete to support the claim." CNBC for the full read.