Comments on: Palm Shares Drop As Takeover Deemed Unlikely

By midmorning Thursday, Palm shares had dropped 9.3% to trade at $17.64. The price is still up 25% from its level in early February, when the most recent round of buyout rumors began circulating again.

Most analysts have expressed skepticism about such a deal from the beginning, reports MarketWatch. Deutsche Bank analyst Jonah Goldberg wrote that such a buyout was "extremely unlikely" at the stock's current price. "Moreover, our analysis indicates that a financial buyer would be unlikely to pay a premium to the current price." Bloomberg also reports that Merrill Lynch and JPMorgan are also saying Palm is not likely to be acquired.

Palm will be reporting earnings and holding its quarterly conference call later this afternoon. Check back for a report later today.

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Palm's cheap again, after all the rumours, at 16-17 USD per share

Gazpacho @ 3/22/2007 10:51:13 AM #

Say hello to the Private Equity buyers :)

RE: Palm's cheap again, after all the rumours, at 16-17 USD per s

cervezas @ 3/22/2007 11:20:24 AM #

They pumped... and now they dumped.

Sure looks like pure manipulation to me!

David Beers
Pikesoft Mobile Computing
www.pikesoft.com/blog

RE: Palm's cheap again, after all the rumours, at 16-17 USD per s

SeldomVisitor @ 3/22/2007 12:31:09 PM #

> ...Sure looks like pure manipulation to me!

Everyone the slightest interested in PALM's stock price should for SURE watch that Cramer video linked somewhere up above.

RE: Palm's cheap again, after all the rumours, at 16-17 USD per share

numlock @ 3/22/2007 12:45:23 PM #

Here's the video link:

http://www.youtube.com/watch?v=708wDFX28lc

It couldn't be any clearer than that.

RE: Palm's cheap again, after all the rumours, at 16-17 USD per s

PacManFoo @ 3/22/2007 12:59:34 PM #

Announcer Guy:
And now back to your regularly scheduled program of Palm Sit And Wait.

PDA's Past and Present:
Palm - IIIxe, Vx, M500, M505, Tungsten T, TX
Handspring - Edge, Platinum, Deluxe
Sony - SJ22
Apple - MP2000, MP2100

RE: Palm's cheap again, after all the rumours, at 16-17 USD per s

ChiA @ 3/22/2007 1:49:07 PM #

Let's hope there aren't any nasty horrors lurking in Palm's Q3FY07 results.

I reiterate that the only thing Palm has to offer another company is the Treo trademark, there's no intellectual property which Palm posseses that will add to what other mobile manufacturers are already doing. I see Palm as being attractive only to those companies which need to get into the mobile business fast (Google?) but even this is questionable; the mobile market is cut-throat (just ask Siemens, Panasonic etc) and there are contract manufacturers with mobile engineering know-how, e.g. HTC who will readily help out new entrants at the right price.

Sales Forcecast: Oops! No sales!

mikecane @ 3/22/2007 2:08:29 PM #

And then June 2007 arrived.

And after the iPhone tsunami, there were no survivors on Palm Fantasy Island.

RE: Sales Forcecast: Oops! No sales!

freakout @ 3/22/2007 3:43:59 PM #

A $499 (with contract) tsunami? People are richer than I thought.

Tim
I apologise for any and all emoticons that appear in my posts. You may shoot them on sight.
Treo 270 ---> Treo 650 ---> Crimson Treo 680

RE: Sales Forcecast: Oops! No sales!

cervezas @ 3/22/2007 5:59:47 PM #

I plan to buy an iPhone.

...with the money my company will make off customers buying Treos! :-p

David Beers
Pikesoft Mobile Computing
www.pikesoft.com/blog

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