“Since there’s no obvious way that Palm is going to boost its market share — even selling its phones at Verizon Wireless, the top U.S. carrier, hasn’t helped much, and we doubt AT&T will make a big impact — it seems that CEO Jon Rubinstein would be best off looking for a buyer now,” Frommer reports.
Full article here.
David Goldman reports for CNN/Money, “Palm said it expected its revenue this year to fall far below the $1.6 billion to $1.8 billion that the company had previously predicted,” Goldman reports. “‘Driving broad consumer adoption of Palm products is taking longer than we anticipated,’ said Palm Chief Executive Jon Rubinstein in a statement.”
Full article here.
MacDailyNews Take: “Palm’s Pre dog and pony show is nothing more than takeover bait. They simply do not have the resources necessary to create another mobile platform, especially one that is superfluous. If Palm’s Pre is not a ruse, then those responsible are kidding themselves.” – MacDailyNews Take, January 21, 2009, just after beleaguered Palm unveiled their Palm Pre and webOS.
In a related article today – Think Before You Click™ – “Palm Disaster Shows That Apple Is Screwed Without Steve Jobs,” Frommer shovels quite the load, proclaiming that Palm’s failure is “more evidence that Apple is screwed once visionary CEO Steve Jobs eventually leaves the company [because] Palm is basically Apple, Jr. And if a bunch of Apple geniuses can’t kick butt on their own at Palm, how are they going to kick butt without Steve at Apple?”
It’s sad to see Frommer stoop to such blatant hit-whoring. Tim Cook is not John Rubinstein and a bunch of poorly-funded Apple cast-offs (if they were geniuses, they’d still be with Apple, not stuck at beleaguered Palm) do not equate with an insanely well-funded ($40+ billion and rapidly-growing war chest) workforce who understand how to lead, not just follow weakly at a distance while silently waving “For Sale” signs.
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