Rumor: Palm Layoffs Coming

Ladies and gentlemen, we're not here to indulge in fantasy but in political and economic reality. Today, management has no stake in the company! All together, all these VP's own less than 3 percent of the company. And where did Mr. Yankowski put his million dollar salary/nonus? Not in PALM stock - he owned less than 1 percent! YOU own the company. That's right, you the stockholders, and you are all being royally screwed over by these, these BUREAUCRATS with their, their steak luncheons, their hunting and fishing trips, their, their corporate jets and golden parachutes! PALM has 33 different vice presidents, EACH earning over 500 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do and I still can't figure it out! One thing I do know is that this company lost over 200 million dollars last quarter and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents!!! The new law of evolution in corporate America seems to be Survival of the Unfittest. Well, in my book, you either do it right or you get eliminated.

These idiot "managers" who defiled Palm must pay for their crimes against shareholders, customers, and employees. The management team should be taken out and beaten to death. Better yet, we should send them via parachute to Kandahar in Afghanistan where they can meet some real justice.

It would make sense to release all duplicate positions in both companies prior to the announcement especially given the huge number of possible redundancies we hear (~400).

The clincher might come if Handspring announces some layoffs too.

If the upcoming Sony T600c, which is a tiny bit smaller than the m505 and is supposed to have a brighter color screen than the Sony N760, comes to the U.S. before Palm's upcoming m525, I'll be switching to Sony.