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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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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]