Yagottabe Kidding

Weekly Shorts Review: Garmin, TomTom, Nintendo, Palm

Nokia isn't going to pay billions of dollars for Palm.

No one is.

It's WELL past time to put this silliness to rest.

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A few years ago when Palm actually had some pretty good-selling devices, like the Centro and Treos (planned or out), Palm's BoD decided the BEST future for Palm was to sell the company.

And they could not even though they had hundreds of millions in cash, no debt, and said devices. [this is all revealed in Palm's SEC documentation about the original Elevation Partners transaction]

NOW Palm is heavily in debt, has massively more shares outstanding, has Preferred Shares that have priority over common, and have a weak product that apparently didn't even live up to expectations.

And the stock price suggests billions upon billions of dollars to buy it out.

Why does ANYONE reasonably think any company would NOW be insane enough to buy Palm anywhere near the current price if they weren't insane enough to buy it really cheaper a couple years ago?