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    Back Problems Trigger More Buyout Rumors for PalmPosted By: Ryan on Wednesday, May 23, 2007 11:24:09 AM
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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Article Comments
3 total comments The following comments are owned by whoever posted them. PIC is not responsible for them in any way. login or register for free in order to post comments. 
 Back Problems
yea I would say palm has some problems maybe more related to their heads then their backs. But problems none the less.  RE: Back Problems
4% bounce on a bad back. If I were Mr. Brown, I would be a bit nervous for a while. Death or dismemberment would probably pump it 15%. :-o
Pat Horne
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[the stock price is recovering from The Exuberance]