And now it seems Wall Street is beginning to pile on,” Goldman writes. “Peter Misek, the wireless analyst at Canaccord Adams who nailed Palm’s latest problems with a note on February 24, just a day before Palm issued its earnings warning, is at it again with a dire report Tuesday detailing new and troubling issues facing this company. He’s cutting estimates again thanks to information he’s received that Palm’s potential relationship with AT&T is souring. He says the carrier has delayed the launch of the Palm Pre and Palm Pixi from April to mid-Summer, and says a ‘long list of technical issues’ with the phones is leading AT&T to ‘sharply reduce its marketing budget for the launch.'”
Goldman writes, “Trouble with this relationship, following a complete halt in new orders from existing partners like Sprint, Verizon and others, spells big-time problems for this company… Palm is precariously perched on a rickety raft while an angry sea swells beneath it. Those rising waters are floating a lot of boats, but they threaten to sink Palm.”
Full article here.
MacDailyNews Take: That’s not a sea, Jim. That’s a bowl; a porcelain bowl.
Great take! Where’s the Pre in the toilet image?
Well, that’s one back stabber down the toilet, Eric the mole Schmidt next for a karmatic payback…
Your the best MDN Editor
” width=”19″ height=”19″ alt=”grin” style=”border:0;” /> Apple should buy it just to shut it down and give whatever pennies are left to it’s beleaguered shareholders!!!
I had a Palm Pilot in the days when it would not reliably work with Windows. I only missed it when I replaced it with the truly awful HP iPaq and Windows Mobile…
“Palm is precariously perched on a rickety raft while an angry sea swells beneath it. Those rising waters are floating a lot of boats, but they threaten to sink Palm.” I think Jimbo is a little too much in love with metaphors.
Palm’s not bad, but they took way too long to get back into the game. They blew several opportunities to dominate the market and handed a lot of it to RIM. They’ve mismanaged the company so badly that they are almost eligible for a bailout from the U.S. government. Almost.
Yet another copycat hits the dust bin of history!!!!
Like I said before. I don’t miss rebooting my Palm once a week. I don’t miss the crappy sync software and subpar application that did not have feature parity with the Windows version. I don’t miss the 3rd class citizen treatment of Mac users with their device and software.
With the iPhone, everyone is treated FIRST CLASS citizens.
Palm had one last shot with the Pre to save itself, and it clanked the shot off the rim. Badly. Too many technical problems, especially with poor hardware construction.
RIP, Palm.
@byronic
I agree wholeheartedly with you! I soured on Palm about 10 years ago when I had a new Palm IIIc and it went bad and they refused to replace it. Had to hire a technician to get warranty on it. Got rid of it eventually and never went back. I cried for years trying to do what I wanted on Windows Mobile…pointless. Anyone who wants to go backwards in a time warp with Windows Mobile should get bell-bottoms and a perm!
10,000 Beleaguereds Under The Sea
Apple should buy Palm just to get their hands on all of Palm’s IP.