Palm’s credibility issue – CNBC

Palm’s stock price has fallen quite a bit in the last ten days – and the CNBC now summed up Palm’s problems as following:

Management has a serious credibility issue, I’m told, and this only makes it substantially worse. Another told me that Palm’s attempts to throw investors off the scent of an order slowdown by its major customers by connecting a manufacturing stoppage to the Chinese New Year isn’t nearly as forthcoming as the company ought to be. (He had more colorful language to share, but that’s what he meant.)

Even though I am somewhat bullish on the near future for Palm (up 2% intra-day ATM), the situation is indeed as described. Keeping information secret which ought to be communicated is really, really stupid…

Related posts:

1. On new Palms
2. Palm / Sprint acknowledge webOS data loss issue
3. The new PIMs on old Palms – part 3
4. Why Palms new OS is not excessively important
5. CNBC Business praises Palm