“NASDAQ:PALM” - we told you back in October that Palm was up against it
Palm announced this week that its phones aren’t selling as well as it had hoped – surprise surprise!
We told you back in October 2009 that Palm was up against it and that the share price looked somewhat over exuberant – to say the least! Revenues for the fiscal are now set to be “well below” its forecasts. According to CEO Jon Rubinstein the group’s “softer than expected performance is due to slower than expected customer adoption of their products”. A trip to the retailer could have told you that! This in turn has apparently prompted the group’s U.S. carrier partners to put additional orders on hold for the time being. Verizon Wireless, apparently acknowledged that their execution…