With Lowered Sales Expectations, Palm Runs Out of Options

Discussion in 'Current Events' started by leomac08, Feb 25, 2010.

  1. macrumors 68020

    leomac08

    Joined:
    Jul 12, 2009
    Location:
    Los Angeles, CA
    #1
    Palm.....(the cellphone maker i.e Palm Pre, and Palm Pixi on Sprint and Verizon) is in the hot seat. Stocks are low and sales are in bad shape. Their webOS is failing, badly. They don't have any revenue and they need a buyer before they go out of business ASAP!:rolleyes:

    http://gizmodo.com/5480098/with-lowered-sales-expectations-palm-runs-out-of-options

     
  2. macrumors 601

    jaw04005

    Joined:
    Aug 19, 2003
    Location:
    AR
    #2
    Sigh. The WebOS is a good product.

    It makes you wonder when Tim Cook said Apple looked at bigger companies to acquire but they didn’t pass their internal test, if he was talking about Palm.

    Rubinstein should ask for his old job back.
     
  3. thread starter macrumors 68020

    leomac08

    Joined:
    Jul 12, 2009
    Location:
    Los Angeles, CA
    #3
    It's a bite in the as* for Rubenstein. The iPod is doing wayyyy better than the Palm.

    I looked at there wikipedia page.... and everything was down! even there employees!:eek:
     

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  4. Moderator emeritus

    mkrishnan

    Joined:
    Jan 9, 2004
    Location:
    Grand Rapids, MI, USA
    #4
    Palm: We're the Chrysler of the Electronics Industry?
     
  5. macrumors 68040

    eastercat

    Joined:
    Mar 3, 2008
    Location:
    PDX
    #5
    A friend of mine has the Pre. If Palm keels over, does this mean he loses support for his phone? :confused:
     
  6. macrumors regular

    Joined:
    Mar 24, 2009
    #6
    Unless someone buys them yup your friend will lose support
     
  7. thread starter macrumors 68020

    leomac08

    Joined:
    Jul 12, 2009
    Location:
    Los Angeles, CA
    #7
    yeah he does.....that's why it's important.

    That will be funny if the Government Bails them out! :D but very very unlikely.
     
  8. macrumors 603

    quagmire

    Joined:
    Apr 19, 2004
    #8
    I think he meant it as no matter how many times Chrysler has restructured, they always seem to be back in trouble( Daimler is the reason why they are in trouble now). Same with Palm.

    ;)
     
  9. macrumors 604

    iShater

    Joined:
    Aug 13, 2002
    Location:
    Chicagoland
    #9
    It is just sad to see the state of Palm. They had a good thing going, and somehow (OS outdated :rolleyes: ) totally dropped the ball.


    Having the Pre be CDMA only sux.
     
  10. macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
  11. macrumors 68000

    Joined:
    Jul 20, 2008
    #11
    i think you are rushing to judgment just a tad.

    Palm's sugar daddy- Elevation Partners- will not let the thing die anytime soon. If they ever need more money and they cant raise equity, I'm sure Elevation would make something work. They still have a few hundred million dollars anyway. They basically need better advertising and newer products.

    Don't you guys remember Apple's financial state in the mid 1990s?
     
  12. macrumors Penryn

    Abstract

    Joined:
    Dec 27, 2002
    Location:
    Location Location
    #12
    Palm has a great product and not many customers. It's a shame.
     
  13. macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #13

    Sadly, the better product often loses.
     
  14. thread starter macrumors 68020

    leomac08

    Joined:
    Jul 12, 2009
    Location:
    Los Angeles, CA
    #14
    Well then.... the iPhone is a good product.....

    No, somehow I don't remember.....:D do you mind telling us?
     
  15. macrumors 6502a

    Joined:
    Jan 13, 2003
    Location:
    Kalifornia
    #15
    I like my Pre and have few issues with it. My main complaint was the iPod hack doesn't work anymore (it used to mimic an iPod before Apple nixed that function). Battery life could be better but it's an excellent smart phone.
     
  16. macrumors 601

    jaw04005

    Joined:
    Aug 19, 2003
    Location:
    AR
    #16
    I want to say Apple’s stock got down to around $12 a share (or maybe lower) in 1997 even after Jobs’ took over the company.

    1993-1997 were not good years for Apple.

    Go back and read new stories from late 1996 and 1997. They’re really interesting from a business perspective.

    In a span of about a year, Jobs got Amelio to trust him, got Apple to purchase NeXT, sold all his newly received Apple shares to undermine Amelio and Apple’s board with shareholders, took over as CEO, got most of Apple’s board to resign, restocked it with people he trusted (Larry Ellison, Bill Campbell, etc) and called Bill Gates and orchestrated a giant publicity stunt where Microsoft would invest 150 million in Apple. Therefore, shoring up investors and showing them he could get things done, not to mention saving Microsoft from the DOJ (Look DOJ, we have competition … see we even invested in them!).

    Oh yeah and he killed the clones and the Newton that year also.

    The entire saga was brilliant. Maybe Palm will get the same kind of rebirth.
     
  17. macrumors 68000

    Joined:
    Jan 27, 2007
    #17
    I know Apple. Apple is a good friend of mine. And I can tell you, sir, that Palm is no Apple. :)
     
  18. macrumors G3

    dmr727

    Joined:
    Dec 29, 2007
    Location:
    Southern California
    #18
    If Palm can pull itself out of this, their stock could be a pretty good buy. It's tempting, that's for sure.
     

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