Comments on: Back Problems Trigger More Buyout Rumors for Palm
In a sign of how ridiculous the Wall St. rumors have been around Palm lately, news that Palm's CFO Andrew Brown, cancelled a planned financial presentation due to a back injury. Brown was scheduled to speak at a J.P. Morgan Chase technology conference in Boston today.
The explanation led to market speculation that briefly pushed Palm's stock price up 4% in trading Tuesday afternoon as Investors 'speculated' the cancellation was a sign of an impending deal for the company.
Palm subsequently went to great lengths to dispel the rumors in statements to financial reporters saying Brown has a history of back problems and was advised by his doctor not to fly.
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Back Problems
yea I would say palm has some problems maybe more related to their heads then their backs. But problems none the less.
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Just further proof that PALM has no stand-alone future
[the stock price is recovering from The Exuberance]