Back Problems Trigger More Buyout Rumors for Palm

Posted By: Ryan 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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Just further proof that PALM has no stand-alone future

SeldomVisitor @ 5/23/2007 2:49:50 PM # Q
At least as far as The Market is concerned - has to be sold to have "value".

[the stock price is recovering from The Exuberance]

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Back Problems

linds @ 5/23/2007 3:19:23 PM # Q
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
LiveFaith @ 5/23/2007 4:15:50 PM # Q
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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