Covering the Palm market is fun if for but one thing: some patterny keep coming back over and over again. THe prediction that “Palm will perish” is one of them – it has just reared its head again.
BusinessInsider has now declared Palm ‘one of ten brands which will disappear in 2010′. The reasoning reads as follows:
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It competes with the two smart phone juggernauts the Apple (NASDAQ:AAPL) iPhone and RIM (NASDAQ:RIMM) Blackberry. In an effort to push sales, Amazon (NASDAQ:AMZN) dropped the price on the Pre to $79.99. Palm needs a deal with both AT&T Wireless (NYSE:T) and Verizon to supplement the one it has with Sprint (NYSE:S). It is not clear that those partnerships will be formed. Pre sales have fallen off, if a number of Wall St. analysts are correct. Many analysts have sharply dropped their stock price targets to $10 based on concerns that Palm will significantly miss its earnings targets. The firm’s stock has decreased from over $18 earlier this year to $11.
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Even though this can very likely be some kind of fight about ad space purchases, their prediction of a buyout by Samsung or LG nevertheless sounds interesting. Let’s see…
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