PALM
Palm, Inc.
PALM is defunct.
  • May 19, 2011, 1:26 PM

    The real battle for smartphone combatants Apple (AAPL) and Google (GOOG) may not be against each other - it may be against dumbphones. While smartphones now account for a record 27% of phone shipments, that means the other 73% of the market has yet to be penetrated. Which means it may be less predictable (and less discountable) than expected.

    | May 19, 2011, 1:26 PM | 6 Comments
  • Aug. 12, 2010, 8:50 AM
    Smartphone sales jumped 50% in Q2, says Gartner, but sales of mobile phones generally were up just 13.8% and average selling prices fell by more than expected amid intense competition. Symbian phones from Nokia (NOK) took 41.2% of the smartphone market, followed by BlackBerry (RIMM) at 18.2%.
    | Aug. 12, 2010, 8:50 AM | 2 Comments
  • Jun. 28, 2010, 12:24 PM
    Obama is expected to sign a memorandum today to nearly double the spectrum available for smartphones and mobile internet devices by reallocating spectrum currently assigned to the DoD and to broadcast TV. Some broadcasters worry the plan may not be as voluntary as the administration says it is.
    | Jun. 28, 2010, 12:24 PM
  • Jun. 25, 2010, 5:47 PM

    Palm (PALM) says its shareholders have approved the merger with Hewlett-Packard (HPQ). The deal is expected to close July 1. (8-K)

    | Jun. 25, 2010, 5:47 PM
  • Jun. 17, 2010, 8:24 AM
    Fujitsu (FJTSY.PK) and Toshiba (TOSBF.PK) plan to merge their cellphone businesses, creating the second largest cellphone maker in Japan. This is the latest mobile merger deal as the fragmented industry consolidates to better compete with players like Apple (AAPL).
    | Jun. 17, 2010, 8:24 AM
  • Jun. 16, 2010, 10:28 AM

    Nokia (NOK -9.5%) investors hit the panic button after it slashed guidance again, warning that Q2 and full-year sales and margins will be lower than expected due to heated competition in smartphones, euro weakness, and a general shift toward lower-margin purchases. At just 9x 2011 earnings, some smell a buying opp.

    | Jun. 16, 2010, 10:28 AM | 1 Comment
  • May 27, 2010, 12:38 PM
    Google (GOOG) hires away the head of user interface from Palm (PALM), recently nabbed by Hewlett-Packard (HPQ), to work on its Android system - and Palm's WebOS mobile operating system is considered a key driver for H-P's acquisition.
    | May 27, 2010, 12:38 PM
  • Apr. 30, 2010, 3:55 PM
    Microsoft (MSFT -1.1%) will not try to outbid Hewlett-Packard (HPQ -1.6%) with a counteroffer for Palm (PALM -0.7%), CEO Steve Ballmer says.
    | Apr. 30, 2010, 3:55 PM | 1 Comment
  • Apr. 29, 2010, 9:10 AM

    Premarket gainers: ATSI +53%. PALM +25%. RAS +18%. BIDU +15%. AXTI +13%. AKAM +11%. NENG +10%. FSLR +9%. SFI +9%. ORLY +8%. NBG +8%. MOT +8%. HURN +7%. JASO +6%. YRCW +6%. NVAX +5%. CELG +5%. DDSS +5%. NIHD +5%. AIB +5%. AVNR +5%. SOLF +4%. BMY +4%. IRE +4%. UN +4%. REP +4%.
    Losers: OPWV -18%. GMCR -10%. POWI -9%. ETFC -7%. EK -6%. VNDA -6%. ASMI -5%.

    | Apr. 29, 2010, 9:10 AM
  • Apr. 29, 2010, 9:08 AM

    Although trading in Palm (PALM) reflects hopes of another suitor following the Hewlett-Packard (HPQ) buyout announcement, analysts doubt the emergence of another bidder. Considering H-P's $13.7B cash on hand, "their war chest would probably scare off anyone else." Palm +25.0% premarket, HPQ -0.5%.

    | Apr. 29, 2010, 9:08 AM
  • Apr. 28, 2010, 5:43 PM

    Buried by news of the H-P (HPQ) buyout, Palm (PALM) discloses that it now expects revenue for the latest quarter of $90M-$100M, after previously forecasting closer to $150M. Revenue is "being impacted by slow sales of the company’s products, which has resulted in low order volumes from carriers."

    | Apr. 28, 2010, 5:43 PM
  • Apr. 28, 2010, 4:46 PM
    Trading resumes in Palm (PALM), +27.4% after announcing its acquisition by H-P (HPQ).
    | Apr. 28, 2010, 4:46 PM | 2 Comments
  • Apr. 28, 2010, 4:24 PM

    Hewlett-Packard (HPQ) agrees to buy Palm (PALM) in a $1.2B deal, saying Palm's webOS operating system will help it compete in the smartphone market. Palm shareholders will receive $5.70 in cash for each share of common stock. HPQ -1.5% AH, PALM +0.2%. (PR)

    | Apr. 28, 2010, 4:24 PM | 5 Comments
  • Apr. 23, 2010, 9:00 AM

    Premarket gainers: SYNA +9%. XRX +7%. ERIC +6%. COF +5%. LSCC +4%. PALM +4%.
    Losers: ACUR -40%. CRBC -12%. BUCY -6%. IR -5%. CAKE -5%. AMZN -4%. CTIC -4%.

    | Apr. 23, 2010, 9:00 AM
  • Apr. 23, 2010, 7:31 AM
    Taiwan's HTC apparently decides not to bid for Palm (PALM) after reviewing the company's numbers. This leaves Lenovo (LNVGY.PK) as the last major Asian bidder expected to show interest in Palm.
    | Apr. 23, 2010, 7:31 AM
  • Apr. 19, 2010, 1:12 PM
    A volatile ride for Palm (PALM -12%) continues, with its recent runup followed by today's selloff in the wake of its software and services chief's resignation and downgrade from Morgan Keegan. Meanwhile, it looks like RadioShack (RSH) has stopped selling Palm phones.
    | Apr. 19, 2010, 1:12 PM