One-time tech darling Palm, after a surge of interest, two new handsets, and a new software platform last year, looks to be spiraling rapidly towards death. Even with cash injections from Bono and Elevation Partners, an eroding market position is equivalent to a death sentence for a company without the capability of scaling up research and marketing efforts.
The article linked below posits that Palm will be snapped up by a competitor sometime soon; I ask in response, why? They have two unremarkable handsets, no app or developer community to speak of, and a software platform that’s a niche at best. Reminds me a lot of Psion.
Handset manufacturer Palm has updated its guidance this morning, indicating that revenues for the quarter and full year will be “well below its previously forecasted range of $1.6 billion to $1.8 billion”.
via Palm Says Revenue Will Be Lower Than Expected, Cites Slow Sales.
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