Posted by: Nathan Simon
aquisition, palm, Palm Pre, smartphone, stocks fall, tech news, Web OS
I had high hopes for the Palm Pre, even though I knew I wasn’t going to get one, I still liked the design, the interface, and the web os… but stock have fallen and the demand for the Palm Pre is just not there.
The Pre, boasting a new operating system called Web OS, was released to fanfare in 2009 and considered by many analysts a make-or-break product for a company that pioneered handheld computing. A plummeting market value and rising concerns that Palm can’t drum up demand for its most heavily marketed products may put the company in the crosshairs of an acquirer. “The possibility for merger at these levels is certainly more reasonable, given the valuation, than it was nine months ago,” says Scott Searle, an analyst at Merriman Curhan Ford & Co. in New York who rates the stock neutral. “The question is, can Palm achieve enough scale to be relevant? They need more products, more distribution and more applications.” Palm spokeswoman Lynn Fox declined to comment.
Some analysts speak of aquisition, and some say that they have one shot left. Read the full story here.
Good Luck Palm.