Revenue for Palm’s fiscal year Q2 is down roughly 40% from what the Street estimated.
The company is (understandably) trying to focus the blame for its poor performance on “global economic uncertainty”, but surely the problem runs deeper than that. Right now, Palm does not offer a single compelling product, and it’s showing in the sales trend.
The stock has been battered (down to $1.88 at the close Monday), and normally this would lead to buyout speculation. But what does Palm really have to offer a potential suitor? These days, nothing but the name.
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