And apparently things can get even worse for Palm (NSDQ: PALM) … RadioShack, which had been a distributor of both Palm’s Pre and Pixi phones, is no longer carrying the devices. A Sprint (NYSE: S) representative tells Barron’s that it will be replacing the phones with two others in RadioShack stores; “This is in line with Radio Shack’s normal product planning process—there is a designated amount of space in stores for handsets and they work to keep the line up of devices as current as possible,” a spokesman says; RadioShack isn’t commenting.
Neither phone has sold as well as Palm had hoped—and the bad news has come in droves since Palm announced dismal third-quarter results last month. The company has reportedly put itself up for sale—and on Friday announced that its top webOS executive was resigning. Ironically, RadioShack has been hoping that sales of mobile phones will help its own fortunes.
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