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Palm Shares Hit Seven-Month Low

     
2:38 pm on May 31, 2002 (gmt 0)

WebmasterWorld Senior Member macguru is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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...]

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

WebmasterWorld Senior Member 10+ Year Member



What is in the works for Palm that would push the stock price back up, Macguru?
2:53 pm on May 31, 2002 (gmt 0)

WebmasterWorld Senior Member macguru is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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?

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

WebmasterWorld Senior Member macguru is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

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