DALLAS, March 3, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring personal computer maker Palm Inc. (Nasdaq:PALM). The report includes financial, comparative and investment analysis, and industry information you need to know to make an educated investment decision.
It is available at: http://www.beaconequity.com/i/PALM
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Palm Inc. (PALM) develops, manufactures and markets mobile products to individuals and business worldwide. The Company's products include Palm Pre, Treo, Centro and, now, Pizi smartphones, which provide multiple productivity tools and entertainment applications. It also provides an operating system called Palm Web OS, which includes software updates, back-up and storage of data as well as an applications catalog.
In the report, the analyst notes:
"Recent revelations of disappointing sales of its Palm Pre hand-held device have hurt the Company's stock. The Company now expects revenue for the third quarter to total between $300 million and $320 million, compared with analysts' mean estimate of $420 million. Previous guidance of revenue of between $1.6 billion and $1.8 billion for fiscal 2010 is unlikely to be reached, the Company said.
Analysts and investors anticipated that the Company created an opportunity to win back significant market share from rivals Nokia, Apple and Research in Motion (RIM) with the launch of Pre, but the Pre has not registered significant sales volume to excite investors back into the stock. Investors have, instead, sold the stock aggressively, with sentiment now shifting toward speculation that the Company's cash-burn rate points to a coming liquidity crunch which may lead it to be bought."
To read the entire report visit: http://www.beaconequity.com/i/PALM
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