[From Seth] Seth emailed in with the link to this CNBC on the present state of Palm which makes for interesting reading. "McNamee is a smart guy. He's not going to throw away this kind of money without the likelihood of dramatic upside. Now, he's sitting atop a company with arguably a big cash position, a hot new product in the $99 Centro smart phone, the new Treo 755p, a new operating system on the way in 2009, in an industry that might be the most exciting sector in technology. I reached McNamee this morning. He isn't commenting. Look, bad news means better pricing. For McNamee's team; or another suitor looking to snap up Palm ahead of what could be a robust turnaround, or merely the cash on the company's books--if you believe it's there, for those willing to wait it out. "
Read in full.