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Mar 21, 2010

Would you buy Palm for… $0?

PalmSharks

According to CNN, Palm's value continues to drop:

Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company's future and several analysts downgraded their positions on the stock to "sell."

Two analysts even lowered their price targets to $0.

Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company's future and several analysts downgraded their positions on the stock to "sell." Two analysts even lowered their price targets to $0.

Well, I'm really sorry to hear that Palm is not doing well, but how can one small company who replaced its' legacy with a new OS fight giants such as Apple, Google, Microsoft, and RIM? I think it simply cannot.

(Source)



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