{"id":449741,"date":"2010-03-19T16:09:45","date_gmt":"2010-03-19T20:09:45","guid":{"rendered":"15218 at http:\/\/www.precentral.net"},"modified":"2010-03-19T16:09:45","modified_gmt":"2010-03-19T20:09:45","slug":"analysts-and-investors-drop-palm-like-a-hot-rock-made-out-of-death-stock-ends-day-down-29","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/449741","title":{"rendered":"Analysts and investors drop Palm like a hot rock made out of death; stock ends day down 29%"},"content":{"rendered":"<p class=\"rtecenter\">&nbsp;<img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"299\" class=\"lightbox2\" alt=\"Palm HQ\" src=\"http:\/\/www.precentral.net\/sites\/precentral.net\/files\/articleimages\/Derek%20Kessler\/2010\/03\/palm-doom-gloom.png\" \/><\/p>\n<p class=\"rtecenter\"><em>&ldquo;Palm is essentially an accelerating death spiral.&rdquo;<\/em><\/p>\n<p>That&rsquo;s not a good thing to hear, and given yesterday&rsquo;s bleak financial report, we can&rsquo;t say we disagree (though we do maintain that it is possible to pull out of a death spiral). That little nugget comes from Ilya Grozovsky, analyst at Morgan Joseph &amp; Co. As <a href=\"http:\/\/money.cnn.com\/2010\/03\/19\/technology\/palm_target_price_zero\/\">CNN Money<\/a> noted, Grozovsky was one of two analysts to cut their price targets on Palm stock to a heart-stopping $0\/share. By valuing the stock at zero, Grozovsky and Peter Misek of Canaccord Adams are declaring that Palm the company is worth nothing.<\/p>\n<p>Those two doomsayers aren&rsquo;t the only ones kicking Palm to the curb. At this point, not a single analyst will recommend buying Palm stock. Given Palm&rsquo;s current cash burn rate, most estimate that Palm has only about twelve months to execute a turnaround or find a suitor with deep pockets.<\/p>\n<p><a href=\"http:\/\/www.precentral.net\/analysts-and-investors-drop-palm-hot-rock-made-out-death\" >read more<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=pNFoz7yKecM:oMiizPmz_4I:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=pNFoz7yKecM:oMiizPmz_4I:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=pNFoz7yKecM:oMiizPmz_4I:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?i=pNFoz7yKecM:oMiizPmz_4I:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=pNFoz7yKecM:oMiizPmz_4I:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Precentralnet\/~4\/pNFoz7yKecM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &ldquo;Palm is essentially an accelerating death spiral.&rdquo; That&rsquo;s not a good thing to hear, and given yesterday&rsquo;s bleak financial report, we can&rsquo;t say we disagree (though we do maintain that it is possible to pull out of a death spiral). That little nugget comes from Ilya Grozovsky, analyst at Morgan Joseph &amp; Co. As [&hellip;]<\/p>\n","protected":false},"author":666,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-449741","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/449741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/666"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=449741"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/449741\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=449741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=449741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=449741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}