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It´s getting scary at Palm

With sales falling well short of even its worst forecasts and its cash dwindling, Palm faces a number of tough decisions in the coming months. Analysts say there are no easy answ...

Announcement 1 min read
Gregor Klevže 21 Aug 2014 710 views

With sales falling well short of even its worst forecasts and its cash dwindling, Palm faces a number of tough decisions in the coming months. <BR> <BR>Analysts say there are no easy answers. The company may have to scale back its far-flung effort to be the device manufacturer, operating-system developer, Internet service provider and portal for handheld devices for both businesses and consumers. <BR> <BR>

After telling analysts that sales for the quarter would be roughly half of already lowered expectations, Palm CEO Carl Yankowski said Thursday that the company is looking at various options that would involve "more or less dramatically changing our business model."



It is a dramatic turn of events for Palm, a company that launched a very successful initial public offering just 14 months ago. In its first day of trading, the company had a market value of $53 billion.

As recently as six months ago Palm was generating $1 billion a year in sales and was still enjoying 100 percent year-over-year growth.

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http://www.zdnet.com/zdnn/stories/news/0,4586,5083125,00.html
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