Palm (PALM) shares dropped 20% today after the company warned that its smartphones aren't selling as well as expected. The announcement follows a few downgrades of its stock, on the premise that RIM (RIMM), Apple (AAPL), and Google (GOOG) Android are running away with the smartphone industry, while Palm is becoming an also-ran.
Palm's day-low of $6.30 is in the same range that it traded in mid-January 2009, just after the company unveiled the Pre smartphone and WebOS platform that represented the future of the company. Since then, shares have been all the way up to $18.09 -- and all the way back down. (Click to enlarge)
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