Comments on: Palm Being Dropped from S&P 500
After holding fairly steady at about $1.50 for several months, Palm's share price recently dropped to around a dollar after its Board of Directors announced a plan to do a reverse stock split.
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Palm is dead
I hope something happens to change this soon. We don't want to live in a M$ world! ;)
RE: This is sad...
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Fammy
RE: This is sad...
Unfortunately, I feel that the only thing that will save the company is for Palm to put a flawless, compelling product on the market immediately. I don't think Palm is quite ready to do that, and I doubt the first product out of this new round of handhelds will be flawless.
I want to believe that it's not too late for the company. I've been a Palm fan for sooooo long. However, all indicators point to a buyout by some company like Apple or Sony in the near future. Palm is ripe for the pickin's, and Sony has invested too much in their product line to let Palm go under and lose access to that operating system.
JBH
RE: This is sad...
RE: This is sad...
RE: This is sad...
Peace Out
Alan
RE: This is sad...
Yes, but that lead is steadily eroding away. Palm is losing market share to Sony and Pocket PC, and there is no indication that trend will reverse any time soon.
Not good...
GOOD!
They move at such a glacial pace that they won't be aware of their own death for 'prox 3 years after it's happened.
WELCOME MONSANTO!
I think in comparison they might actually be more in tune with the handheld industry.
RE: Not good...
They been so slow and so comfortable with their position as the leader yet everything changes since the early announcement of the Palm m500 series.
Thanks, Karl
RE: Thanks, Karl
RE: Thanks, Karl
Karl ran the company into the ground in the past. The other board member, both current and past, share responsibility for the current crisis. However, I'm pointing the finger at a former CEO who did nothing to advance the company's position or product line.
I'll continue to keep abreast of current affairs. I suggest you pick up a copy of English for Dummies.
RE: Thanks, Karl
Maybe you should get a better book because your sentence should read "How much were Karl ..."
RE: Thanks, Karl
RE: Thanks, Karl
The answer is obviously... and
How much where Carl blah blah blah and blah blah blah...
RE: Thanks, Karl
Actually, that idiot Benhamou is the one that ran the company into the ground, and continues to do so to this day. As long as his worthless butt is anywhere NEAR the board of directors, the company will never pull itself out of the cesspool he's driven it into.
RE: Thanks, Karl & BenhamLaden
This is the sad, sad truth.
Why can't they get their act together?
Message to palm (if anyone is listening/cares): WAKEUP AND START SHIPPING FREAKIN OS5 DEVICES NOW! and they better be good stuff with the options we've been requesting for years.
RE: Why can't they get their act together?
RE: Why can't they get their act together?
RE: Why can't they get their act together?
Uh, you're wrong. Palm has reported a profitable quarter.
RE: Why can't they get their act together?
Palm, Inc. Sees Q2 Breakeven Results; Issues Q1 Guidance, FY 2003 Revenue Outlook-DJ Jun 25, 2002
Dow Jones reported that Palm, Inc. sees a first quarter pro forma loss of $40 to $45 million on revenue of $175 to $185 million. The Company expects second quarter pro forma breakeven results and fiscal year 2003 revenue of $1 billion. According to Multex, analysts expect the Company to report a first quarter loss of $0.04 per share on revenue of $180 million, second quarter loss of $0.01 per share and fiscal year 2003 revenue of $1.03 billion.
RE: Why can't they get their act together?
I work in an asian company that design/manufacture some of the parts of the new models and yet there been so many changes that we are all worried when will the final thing be out of the street? when Sony launches theirs? Palm is too slow and fickle minded about their products, guess it is the lack of confident from the last nasty experience they had with the Palm m500 series.
Who would buy Palm?
PS. Did anyone ever find out who donated that 50 million to Palm a while back? it's funny how we never really heard anymore about that, unless I missed it.
What's the big deal?
The same is true for Palm. Their price could drop to $.05. So what? The important thing is that they become profitable. If that happens, the company is viable, just not worth much to investors.
RE: What's the big deal?
Actually, the stock price does matter. According to Nasdaq regulations, if a company fails to maintain a >$1 price for an extended period of time, it is in danger of being delisted.
Of course, you can continue to trade the stock over-the-counter, but once you're no longer listed, it becomes very difficult and expensive to raise capital.
As if this matters!
RE: As if this matters!
RE: As if this matters!
After the reverse split, the next step for Palm will be to spin off the OS division giving shareholders X number of new shares in Palmsource for each share held in Palm Inc.
This will automatically cause Palm Inc's shares to drop by approximately the value of the new shares.
Re: Palm's tumble to around $1 from $1.50, I am not sure the reverse split announcement is to blame entirely. I think this is more attributable to the general downturn in the market in the past few weeks.
Finally, a company's stock price is merely an indication of what people are willing to pay for ownership in the firm. It does not represent the true value of the firm i.e. all its assets.
A lot of big companies are suffering with very poor share prices. Many are underperforming analyst price guides. The reason is that people in the market are taking a pessimistic view. However, given a couple of months of good news and no new Enron style bomb shells, prices will snap back up. Not to previous heady levels, but I can see Palm at $1.50 to $2.00 by October.
Removed stocks tend to OUTperform
Wait until the price settles down and Palm may be a very good buy for the 1-year timeframe.
RE: Removed stocks tend to OUTperform
Palm is in a classic ''Death Spiral''...
"Death can come swiftly to a market leader. By the time you have lost the positive-feedback cycle it's often too late to change what you've been doing, and all of the elements of a negative spiral come into play."
- BILL GATES
"The Road Ahead"
Chapter 3
RE: Palm is in a classic ''Death Spiral''...
RE: Sony will hostile takeover palm
_______________________________________
So how's that nice girlfriend of yours?
Oh she got hit by a car, she's dead.
It's just fate, lean back and accept it
RE: It's just fate, lean back and accept it
Its not fate, it's more simple, its incapability
Financial tricks brough Palm into this mess in first place.
The only thing which cold help Palm would be a flawless and stunning attractive product.
This is not in sight. The only thing what is visible to the investors and Palm followers/supporters alike is a (very moderate expressed) lame CEO who brought this desaster, including the incredible Carl YankoGoGoldparachute upon Palm.
As long as these old tired horses stay at the Palm board - Palm will not ba able learn the trick.
Its that dead simple...
S&P 500?
RE: S&P 500?
One Pony Show
PALM share price is now at 66 cents...
Anybody want to bet on OS5 and "TEAM OSLO"???
Nothing ventured, nothing gained! Put your money where your mouth is!!!
RE: PALM share price is now at 66 cents...
Now it's at $0.66 and it doesn't show any signs that it will go up any time soon. Doesn't that just give you an idea of how horendously overpriced stocks were in 2000????? $165/share to $0.66/share!!! Right now, though, I believe that this company is terribly underpriced, and if you invest $500 into this company now, in a month or so when the new devices come out, you might get yourself a nice little profit. But there is no way that Palm stock can go from $0.66 to $180. And you can quote me on that one.
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Why do we park on a driveway and drive on a parkway??????
RE: PALM share price is now at 66 cents...
Not really, MSFT, INTC, DELL are still relatively hanging in there despite being lower...because they are still making LOTS of money each quarter.
Palm at $165 (or $80) to .66 is a -99%+ loss in value....
MSFT Going Out of Business
Of course I realize this is ridiculous but so is your belief that Palm's stock price has some effect on how useful its operating system is. By that logic, Windows is half as good as it was in January because MSFT's stock has dropped.
RE: PALM share price is now at 66 cents...
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This is sad...
Hard to believe that this was the same company that took on MicroSoft a few years back and won the handheld market.