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Palm Shares Hit Seven-Month Low
Macguru




msg:932491
 2:38 pm on May 31, 2002 (gmt 0)

Shares of Palm Inc. on Friday fell to their lowest level in seven months after the dominant maker of handheld computers warned that quarterly sales would fall far short of target and pushed back its time table for achieving an operating profit.

Now at 1.74 a share, time to buy?

[finance.yahoo.com...]

 

Travoli




msg:932492
 2:40 pm on May 31, 2002 (gmt 0)

What is in the works for Palm that would push the stock price back up, Macguru?

Macguru




msg:932493
 2:53 pm on May 31, 2002 (gmt 0)

Well, I dont know much about the company. That's why I am asking.

They are in some critical phase of developpement right now. They are going to drop Motorolla's Dragonball chip in favor of Intel's StrongARM chip. Add music and video support. Their cash position seems good.

Any other opinions?

Macguru




msg:932494
 2:20 pm on Jun 8, 2002 (gmt 0)

I kept on sliding since. How low will it stop?

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