Palm Shares Dive Amid Fading Turnaround Hopes
The Pantagraph Bloomington, IL › March 24, 2010
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Summary
After nearly two decades of putting cutting edge personal electronic devices in the hands of consumers, Palm Inc.'s grip on survival may finally be slipping.
The smart-phone maker's stock plunged nearly 30 percent on Friday after several Wall Street analysts offered grim assessments of the company's future.See the full content of this document
Extract
Palm Shares Dive Amid Fading Turnaround Hopes
"They might be going bankrupt,'' said Vitali Savitski of Canaccord Adams, which urged investors on Friday to sell the stock after making a highly unusual prediction that he expected the value of Palm shares to dwindle to ...
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