Palm Inc (NASDAQ:PALM) - we warned you back in October 2009!
The latest news from Palm isn’t good and the long term survival (let alone growth!) of this business is now surely in doubt.
We told you back in October 2009 (http://www.investorschampion.com/research/company/palm-inc) that, in what is becoming a saturated market, Palm will surely struggle to compete, lacking the financial muscle and killer product (the Pre is not that product!) to build a sustainable position; the latest numbers bears this out! Chairman and Chief Executive officer Jon Rubinstein’s commented that “the potential for Palm remains strong,”; we are no so sure! The product offering simply isn’t attractive in what is a rapidly changing market dominated by some cash rich goliaths. The differentiated platform in webOS is a selling point but we aren’t convinced it will…