Tag Archives: Palm

Is PALM here to stay: II

I sold my few shares of Palm Friday morning shortly after opening. Palm (Nasdaq:PALM) share dropped 29% on Friday after horrific earning outlook (marketWatch). Palm is increasingly likely to say “bye bye” to its loyal customers in a year or two. Quote sobelmedia:

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I’m never going to forget my very first Palm Pilot in 1998…how cool…it was everything I needed and wanted in a handheld device…addresses, notes, contacts everything…and it had the ability to sync with my computer to keep it up to date. Over the years the company changed owners, management, operating systems and the competition heated up all at the same time. Now it appears as though Palm is at the end of the rope and Wall Street is ready to say goodbye.
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I think PALM has to blame itself for the recent problem (since webOS based Palm Pre launch at Sprint network last July). I saw the following problems:

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Tech overview: cloud computing and smart phone

Forget today’s Google China news for a minute. We are at very interesting times in terms of technology, from apps, cloud (web based) computing (online data backup, for one), to net book, smart phone, e-readers, smart book and tablet. The past week’s CES showed us the explosion of a lot of hardwares I mentioned above (plus many new mashups: hybrid devices). I did not attend the CES, but I found the CEO interviews at AllThingsD to be interesting, e.g., Palm CEO.


(Source: allThingsD video)

From investing/speculation point of view, I think PALM is at interesting point because Verizon will start to sell it on Jan 25.

Challenges

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