[From Hans]
The Barrons Blog summarizes the present situation that is Palm is in at the moment in light of recent job cuts. Some of the facts you may be aware of, some you may not. "At a moment in time when smartphones are one of the few hot tech products, Palm (PALM), the industry’s pioneer, appears to be dying.
This morning, Global Crown Capital analyst Pablo Perez-Fernandez cut his rating on the company to Underweight from Neutral, setting a $1.50 price target, well below the current level. Perez-Fernandez provides a damaging list of factors now facing the company and the stock, all of which add up to a deteriorating position in a market where competition is heating up considerably."
Read in full.