In a statement Bruce Hyman, an S&P credit analyst remarked, "The actions reflects Palm's announcement that sales in the November 2008 quarter will decline to about half of the August quarter's level, reflecting challenging economic conditions and market share losses."

Master Kick v1.5 is available now for $19.95 (a recent price drop) for Palm OS and Windows Mobile devices. A free trial period is included.

Jim Suva, at Citigroup reports: He Maintains a Sell rating, but adds Palm to his "Top Picks Live" list, as a short. Target to $1.20, form $3.75. He says the consensus "is underestimating the fundamental product issuees leading to even more sales and profit pressures ahead." He has "concerns for liquidity" for FY 2010 due to lack of cash flow and increased competition. "We are not convinced Palm's new products," due in the 2009 first half, "are strong enough or will come fast enough to overcome current product and economic challenges."

The Tucson iPUG will hold its next meeting on Tuesday, December 2, at 7 pm, at Something Sweet coffee-shop, in Tucson, AZ. For more details, look at the iPUG website.

Palm places the blame on its "maturing" product line and "unprecedented dynamics in the global markets" given the current economic meltdown. The company vows to reign in costs even further and goes on to detail some of its latest cost-savings initiatives in the accompanying press release.

The Leather Flip Cases are available with black leather exterior and interior lining in black, green, rose or blue. The Flip section covers the front of the device and folds behind for full access to the screen, buttons and keyboard. Each case color retails for $29.99 and is available now.

TimeDrift v1.0 for Palm OS is available now for $9.95 and comes with a free trial period. It is currently on sale for $7.95 for a limited time.

Use the coupon code: BF2008 to receive 20% off your entire software order.

By far the best deals for the $50 discount would be a Palm TX (Slightly over $200 after discount if the order is padded to $300+) or perhaps the older and less capable Tungsten E2 ($150 after discount) handheld. For the remaining PDA faithful, this Palm sale may very likely be one of the final chances to pick up a brand-new, factory-sealed Palm OS handheld with warranty and from a reputable seller. To date, the Palm TX remains Palm's only current Palm OS device with WiFi wireless networking and its only product overall with a 320x480 screen resolution (review here).

The Garnet VM is a virtual machine that essentially acts as an emulator with the ability to run native Palm OS applications on the Nokia N770, N800 and N810 devices. It supports over 30,000 native software applications written for the Palm OS, including some of the most popular mobile applications on the market, such as Google Maps, Bejeweled, SnapperMail and Sudoku.

All of the new SDHC memory cards comply with the SD memory standard Ver. 2.00, and the two new SDHC cards announced today support class 6 ultra fast read/write speed - a maximum write speed of 20MB per second, delivering high performance for continuous shooting of still images and recording video images. The new microSDHC can be used with an adapter that allows it to be used in SDHC slots.