ObenNation.com

  • 07:54:21 pm on March 19, 2010 | 0
    Tags: , , , , , , , , , ,


    Palm shares may hit $0: Analysts

    NEW YORK (CNNMoney.com) — Palm’s future already looked bleak. But after reporting worse than expected results for the third quarter Thursday, some analysts think the company’s stock is now essentially worthless.

    Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company’s future and several analysts downgraded their positions on the stock to “sell.” Two analysts even lowered their price targets to $0.

    read more http://money.cnn.com/2010/03/19/technology/palm_target_price_zero/index.htm?hpt=T2

    Advertisements
     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: