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Would anyone care if Palm (PALM) went away -- other than its employees and shareholders?
This company is seeing sales decline, and its new best hope, the Pre, is competing against the iPhone, BlackBerry and Droid.
That means a company with little cash and a market cap under a billion dollars is fighting, with an inferior and overpriced product, against the combined strength of Apple (AAPL), Research In Motion (RIMM) and Google (GOOG). End of discussion.
At the time of this writing, the author did not own shares of PALM.
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Reader Comments (Page 1 of 1)
3-21-2010 @ 5:35PM
steve said...
Inferior and overpriced products? That is a subjective statement. I write this post from a Palm Pre, and I can confidently say that Palm has developed a truly innovative platform with the Pre and the Pixi that is way ahead of the iPhone and Android in more than a few ways.
By what measure are Palm devices overpriced?
Palm has failed because of poor marketing and poor public relations. The product is strong.
Just as Apple is nothing without the hype and marketing it builds around its newest devices, Palm needed to push harder to get its phones out but it didn't. This is why it's in a tough spot right now.