Investors don’t take kindly to lowered forecasts, dump Palm stock. Hard. 127
Thu, 25 Feb 2010 7:04 pm EST 
If there’s a lesson to be learned here, it’s don’t mess with the investors. They are sharks, and if they smell blood in the water, look out. Today that’s a lesson Palm learned, revising down their previously upbeat forecasts for the current quarter. The move, along with ongoing worries about Palm’s performance in the marketplace, sent Palm’s shares nose-diving through the floor of the NASDAQ exchange, to the tune of a 19.28% loss, closing the day at $6.53 a share.
That loss was the biggest one-day percentage loss since October 2006 when the investment by Elevation Partners resulted in an $8 dividend for stockowners. Today’s loss also sent Palm stock to a point not seen since January of last year, just before the Pre was announced at CES 2009. From a peak of $18.09 in October, Palm stock has lost nearly two-thirds of its value, wiping out $2.9 billion of shareholder value. As of today’s closing, the total outstanding Palm stock plus Elevation Partner’s 1/3 stake (purchase price, ~$7/share) comes to just $1.6 billion. In the past week alone, Palm stock has declined more than 30%.
All of this tells us one thing: Palm’s in trouble. They had enough trouble gaining the faith of customers and a handful of stock analysts, and while webOS 1.4 will make plenty of current users happy, we don’t think it’s going to do much to assuage shareholders, analysts, or potential new customers. Sorry for all the doom and gloom lately folks - sometimes that’s just the news.
127 Comments
bummer :(
Lets hope they can turn it around. It would be ashame to see webOS go.
bummer. Now is the time to buy
thinking the same thing! Bet a new handset will be leaked in the coming days and it'll jump right back up
if you bought well i hope for your sake you are right. I think new handsets are the only thing that will move this stock forward these days. oh that or if someone comes and tries to buy palm soon which is doable since it's only worth one billion dollars now.
Not gonna happen.
Oh yeah! I bought my shares @ 2.80 and 3.20. Sold @ 12. I'm gonna buy back @ 5.50 + some 1/11 10 calls.
Ugh. Still, Palm has come back so many times, that if I had spare cash lying around I'd definitely consider buying some of Palm's stock right now.
The other thing that occurs to me is that this low price might make Palm an even more attractive target for a company looking to pick up this kind of company. Not sure who that would be though.
No wonder, the update will never come :-(
Probably doesn't help that when people come to PreCentral to check out what the buzz is about, everyone is complaining.
You're right...but that's Palm's fault, it's not our fault that our Pres act like they're held together by tape and running beta software.
Its really funny how these investor and wall street crap is really joke.. Some old fart says one thing and all the other old farts run and sell, sell, sell.. Everyone panics and all it take is some gizillionair to buy the company reinvent the companys image but with the same products and everything is all good..
problem is this time the old fart saying the one bad thing is the CEO of Palm.
This is Palm, and there is no sugar coating missing guidance.
But if jezer29 wants to blame someone...
THE GUBERNMENT!!! They seized the 1.4 update, and the Pre2 prototype, and whisked them off to AREA 51!!!
Area 51??? I thought they were stations in Mars. Lol
Dude, the old fart knows more about business than most fans of this Web site. Palm is in trouble. It hasn't delivered or seized the potential of the platform. The hardware sucks. The screen is too small. They keyboard isn't for everyone.
Disagree? Then why isn't Palm selling more phones?
Marketing is a huge problem. They're shooting for the middle instead of aiming for the top. That's bad for business. Just ask any old fart.
Here's the reality:
While webOS is a great operating system, it was delivered to consumers incomplete. You couldn't even copy and paste at first.
Nine months later, it's still incomplete.
Apple had time to roll out new features over time because its consumers would wait for them. There's just a handful of us waiting for Palm and most are impatient now.
More than a year has passed since the platform was announced, and it's still way behind the competition.
The beauty and ease of use of the platform can only get you so far. Without features, it dies a slow and painful death.
Video capture should have been released the same day it was announced at CES and DEFINITELY before the Pre and Pixi hit Verizon.
I've heard it a dozen times from friends and co-workers:
"That's a neat phone. I want one."
Then...
Wait! It doesn't have video recording? No voice dial? The vibrate notification lasts for a fraction of second and it doesn't alert me to important e-mails/texts. No (usable) Facebook app? What about Skype? But I need Windows Messenger because my company uses it."
The list goes on and on.
"It's pretty" or "it multi-tasks" isn't going to be enough. Sorry. It just isn't.
I had a phone ten years ago that did more than this phone does.
I've been hanging around because I believe in Palm and want this phone to succeed. We all do.
BUT...
Most consumers won't spend money on device that doesn't do what they want it to do.
They will spend money on a device that does everything they want and even stuff they don't care about.
Time is running out for Palm. Maybe it will finally change its marketing strategy and sell the Pre and Pixi as the cool, cutting-edge devices they are.
I DON'T WANT A PHONE MY MOM WOULD USE! DUH!
heh, I always find it funny the screen size is exactly why I like the Pre.. I don't want the other giant touchscreens in my pocket.
But alas, they came out a little too little too late. Android 2.0 basically kicked Palm when they were up, it fixed a lot of issues, and had Verizon behind them (Droid is the first major push I would argue, anything on tmobile was like the Pre on Sprint).
I hope they can still innovate, as I don't find the hardware all that bad, a little cheap, but I do prefer the plastic over glass screen. And the size is perfect for me, just would rather have a landscape keyboard.
Speed is a huge problem though. other than that, all the "features" are marketing, and not everyone cares about it. but at the same time, the marketing for the Pre has been terrible. Only the Pixi commercial I think was good (first one on sprint). The latest "Plus" Verizon commercial isn't bad, but we know verizon is pushing the droid much more.
I want to keep using Palm, but if the next generation of hardware/programing can't keep up... I will succumb to the large touchscreens... and hope the HTC Desire makes it to Sprint. Or hope they stick snapdragon in a Hero w/ an optical trackpad
I have worked with android, and iphone systems. WebOS has far exceeded my expectations. I sure hope Palm finds a better way to market this excellent product.
everything will be fine just relax
everything will be fine just relax
everything will be fine just relax
Really?
I could have sworn i heard it is all analysts fault and a complete fabrication.
Sad really. Hopefully, all will turn out well for Palm. Palm is the only real contender for Apple's consumer market (only OS that understood ease of use and finger-friendly web-based multi-tasking noise-free-smart-notification user interface). Maybe the C40 can save the day...
time to buy
them old geezer dont know what the hell they are talking about
im sure they are still using blackberrys
probably never touch a PRE
These are the same geniuses that tanked the economy last year and had to beg the government for bailouts so they could pay their execs their insane bonuses.
A lot of stock prices tank and come back and it has zippo to do with the actual performance of the company.
So Palm stock drops for awhile, they keep selling Pre's and Pixis and it comes back. Whoop-de-doo.
i don't think you get it. They dropped because of the press release that said palm is NOT selling the estimated amount of pres and pixis. this came from Palm's mouth not some analyst. They ARE judging on performance. It's not performing well.
I don't think Palm would just go away. If things get too bad, Nokia would probably snap them up and roll their tech into their MeeGo initiative. That wouldn't be the worst thing in the world; WebOS UI, with Moblin's speed, and Nokia's reach and QT dev platform.
have to wonder thought since nokia has already invested in it's own O.S. that it's likely bias towards if it would want that. Another thing is NOkias don't do too great in the U.S. so if they bought it webos phones may hardly be around in the U.S. as they don't like to bend to carriers and thus opt to not have smart phones in the U.S. I'd love to see microsoft buy them cause they have the financial muscle, and other streams of revenue outside of cell phones. doubt it tought. Maybe LG.
Look what happened to Danger after acquisition by Microsoft.
Nokia's platform is going through same major transition and development anyway, so it might be an opportune time to snatch up some technologies they will need.
Nokia and Intel just agreed to develop a linux mobile o/s together. Palm could be a great shortcut and save them time and money.
i'll be honest i'm not familiar with "Danger." Sorry i have know clue what that is a reference too.
i only know what i've read of nokia regarding the U.S. which is they have less phones on u.s. carriers cause they choose not to bend to carrier rules. I do know they do much better in Europe. If that's the case i was just guessing that they may not want to buy a company just to get an O.S. when they may be biased towards theirs. Especially if everyone in Europe is telling them nothings wrong with it.
DVDMON, you hit the nail on the head. If Palm was being talked about as an acquisition target at $16 with no Verizon or AT&T possibilities on the horizon, it's not possible that PALM is a sub-$7 stock. Those who sold, unless they loaded up on PALM as a $3 stock will regret their decision. Palm at $6.50 will increase 25% before APPL or RIMM will increase 5% at their current prices... which is the buy?
I love how most of you think that Palm will come back because you like WebOS.
NEWS FLASH!!! - Consumers don't find anything special about WebOS. They didn't on Sprint. They aren't on Verizon. They won't on AT&T or T-mobile. Get it?
You can blame the Borg Queen ads. You can blame the mommy ads. You can blame the Verizon reps. You can keep trying to find a scapegoat if you like.
The only real thing that the Pre ever had going for it was that it had a keyboard and was relatively cheap on Sprint. That's it.
Your are one of those old farts on wall street aren't you??
Um, Hello!
NEWS FLASH!!! Right back at ya. We ARE consumers.
People don't find anythng special with webOS because they never even try it. Instead, they go with what they know. That is, they stick with products from companies that have enough spare cash to ram advertisements down consumers' throats constantly. As far as I can tell, most people are not fond of actually researching before making a purchasing decision. Instead they just hear Android this and Blackberry that and go with what they know. And then, of course, there are the Apple people.
webOS is nothing short of amazing. It's too bad that people don't give it a chance.
You're leaving out best-in-class multitasking, drag-and-drop without the need to sync with some proprietary software, 3Gs-class specs, dirt-simple development, and integration with major communications tools like Google and Facebook and Exchange.
All that combined with a keyboard and lowest rates made it one of the best phones out last summer. If you have to always have the absolute best phone out there, then yeah, it probably sucks for you now but when I bought it there was no contest of price versus performance. Next summer I will re-evaluate.
I doubt Palm will disappear entirely, but I think they missed their chance to be a major player by not having a full featured device worthy of being called a smartphone (no video/audio recording, no voice dial/commands, no 3d apps) before the Droid hit, and esp before the Nexus One hit.
By the time the next major release of iPhone OS and Android OS comes around they'll both have something similar to the multitasking card system, and WebOS will lose it's only major leading feature.
I say this as a Pre owner. I've had Palm devices for a long time. But they screwed up business support, and smartphone functionality, and battery life (size), and (as I'm about to go in to get my FOURTH replacement Pre) build quality. They've just missed their chance to stay a major player in the market.
Truly sad, I was really pulling for Palm to become Apple's major opposition (I think they'd do it better than Google).
This isnt the same Palm. They blank canvased with the Pre and lost all the legacy support of PalmOS. So Palm loyalists adopting the Pre faced as much of a transition burden as taking on any other more developed phone. And the competitors had many more of the Treo's capabilities than Pre did.
No bridge between the islands, and the mainland was an easier destination.
Apple has had over a year to get a slick multitask setup together and you know it will be ready by June. And if they update the form factor, they're going to move record units.
Over a year? They have had iPhones out for how long now? How long have other smart phones been doing this as a matter of course?
Just checking.
If Palm was pretending that executing on their current plan was all rosy, then I'm glad this has happend.
If they've been hiding anything in development waiting for planned obselence now's the time to let it out. The market is demanding more innovation and Palm needs to blow it out. They don't have enough devices in the market to follow the Apple model....look at Motorola, banging out models left and right for 2010.
If this is all that Palm has got, I guess we'll have to get used to saying Nokia Pre.
It was supposed to have exploded in Summer '09, and it didn't.
Perhaps this due to the well-established iPhone and Blackberry cultures and Verizon's solid Droid alliance.
In any case, the people have spoken -- but I will be with Palm until the orange sun finally goes dark.
This industry is not big enough for so many winners, and eventually it will boil down to two titans, like every other industry ever. Probably Google and Apple.
Can't PreCentral stick to gadget type news and rumors or at least app stuff and stop trying to be Charles Schwabb?
I sure do not come here worried about Palm stock prices. i come here to find out informative info regarding my Palm devices and WebOs info.
Stock performace is tangential information to Precentral's weblog purpose at best.
Cut back on the stock information and put more effort into covering the devices. Thanks.
Palm issued a press release saying palm device orders are lower then expected. How is that not info regarding Palm devices. If the value of apple fell in half in one month do you honestly think the iphone blog isn't going to discuss it? You're delusional.
I really don't know nor care what the iPhone blog would cover, though if their purpose is the same as PreCentral's then "No, I don't think they should cover it."
I am just not interested in Palm stock performance. If they close the doors, stop selling and supporting their products, and shut down the servers then post about that. Until that happens I really don't care how well or how poorly the stock performs. I don't own any and won't be buying any.
I don't come to this site to get stock information, merely to find out about new features, news relative to device upgrades, applications, etc.
Here's a suggestion: If you don't want to read stories about stock performance, then don't. It's that simple. Really. Judging by the number of comments this story has already accumulated, people do want to read about it and throw in their two cents.
I can't NOT look at PreCentral.net
But you CAN go one day without a stock update... I'm sure.
... and the pics of Palm falling from the sky ... and the *sighs* ... and the titles -- "Investors don
this is dumb beyone belief. Precentral does not give stock updates every day. The simple fact is palm's value dropped ten percent one day. And 19 percent a day or so later. Sorry. Bury your head in the sand all you want. Feel free to ignore reality some more.
"no better time to invest?" Maybe, but based on what any investor knows today, as of writing this sentence that's just dumb. Let's make it simple, palm fell because revenue is declining. What catalyst is there, today, that a sound investor can say, "yes that will drive the stock up from here?" I'm not talking a small rebound to 7 or 8 bucks. I mean what catalyst is there that indicates Palm will have what investors look for: consistently growing earnings for multiple quarters? The answer is simple. As of this writing there is none. There is no catalyst right now. Maybe if they announce something tommorrow there will be or in two days or two months. But, a sound investor evaluates purchases based on what he knows or can reasonably estimate. Like you can estimate that microsoft may get a pop when they release their new o.s. It may not but the release is a catalyst. Derek can't prove he's "knowledgable" by telling people to buy stock based on nothing more then comment section speculation. right now all there is is speculation. And a stock purchase has to be treated as such. It's a speculative investment. It's a guess.
You mentioned the term 'catalyst' four times in that piece.
I'm not sure what kinda catalyst Palm needs TODAY besides partnerships. But what they WERE banking on was word of mouth for a pretty dern incredible phone and OS.
What they WERE NOT banking on is the catalyst known as Derek Kessler. I cannot even begin to recall the DOZENS of times that Derek complains, sighs, or claims that the sky is falling. That is not even a hyperbole -- DOZENS. Where are people interested in the Pre gonna go look for information? PreCentral! How many of those Pre-wannabes do you think our catalyst in mind deterred from buying a Pre? I'm sure it's more than you realize. And how many of those Pre-converts could convert others??
Nobody knows for sure... but Derek is a negative catalyst. And Palm didn't see him coming, otherwise they would've appeased every one of his complaints before tackling the other infinite amount of issues.
Derek never believed in webOS. If he did, he would've had a more positive outlook, like Dieter and just about every other person that frequents P|C. If you're preaching to hundreds of thousands of Pre wannabes... and you want to increase webOS marketshare... you don't say things like, "I expect better from Palm." That's a type of comment you'd need to quell if you truly want marketshare to grow. I expect better of everybody and everything... and I'd hope everybody else does too. But nobody needs to make such a comment if they're truly trying to turn relationships into partnerships.
I don't see how anybody could disagree that Derek is the King of Negative Hype... a king that you won't see on too many other phone sites that are GROWING. Save the negativity until AFTER the phone's been out for a year... sheesh.
Do you think in the first year of iPhone growth... that advocates were repeatedly mentioning to iPhone-wannabes what the phone COULDN'T do?? Can't install applications... Can't take videos... Can't do MMS... Can't use 3G data (Couldn't use it even if there was a 3G radio!)... Can't copy & paste... Can't use external memory... Can't. Can't. Can't.
NOOOO... that's not what ADVOCATES do!! Advocates were repeatedly saying what the phone COULD do! Could rotate between landscape & portrait with accelerometers. Could install 4 or 8GB of music,movies,photos. Could WOW your friends with an incredibly elegant interface.
Nobody's saying that advocates need to lie. That would be wrong on many levels. But there's a time to perpetuate bad news, and there's a time to ignore it and keep fighting. Derek IS perpetual bad news.
Derek needs to understand that he is negative... and he needs to change today, even if it might be too late for Palm.
like it or not this news is exactly what you said you came for, palm device news. And clearly a whole lot of people do care. cause there are already over 50 comments on the subject.
Tyn, nobody is making you read the rumor or stock stories. Derek posts a title that is clearer than glass for the topic. On the Pre you can upswipe to the next story, yet you still whine and moan responses in all of them.
I'm tired of people ragging about stuff they can control.
If someday Palm goes out of business who will pay for the servers that our profile backups go to?
nobody.
thats and mutli taksing which apparently nobody cares about
Boy, Palm is already written off by some folks...
http://gizmodo.com/5480452/the-indie-phone-makers-last-stand
This is a sad day for Palm, and its investors.
I'm confident they will rebound this. I'm sure some tuff decision are going to be faced on Monday in the boardroom.
Subout WebOS, create new hardware, or consider partners that will stand by thier vision & product, not like those guys over at Docs2Go.
here here. no need to be sorry Derek. read your posts for honest reporting and honest opinion. Not to have smoke blown up my ass.
Palm, Palm, Palm. I guess it's safe to say that Palm has about 1 year left to make a major change in market share and investments. Now the idea of a buyout or a flat out bye-bye is more feasible.
Now my predicament....do I go ahead and make the jump to Android, knowing how much I love WebOS, and enjoy the profitable and up to date life...or stick it out.
I mean seriously...i could just go get a hero, wait for Palm to get their act together, and then buy the next WebOS device later down the line.
My thoughts are there with you!!!!!!! WebOS 1.4 better be good or bye by Palm -- Hello HERO!!!
Try using one or typing on one...it's frustrating after a Pre. I thought about swapping since I had an issue with a crack in my Pre but after using one for a few days I just swapped for another Pre. I'm waiting for Supersonic before checking out Android again. The bigger screen may make the virtual keyboard more tolerable and the added CPU speed may help with the sluggishness.
What do you lose if you stick it out? It's not like your unit will stop working. Every day more and more apps appear. We have wifi tethering available that works great. Dataviz will release their D2G soon. Also, there are a lot of good games out there are they are getting better and more variety. Gameloft is producing some nice ones.
Stick it out man. You won't lose anything if you do.
It's too bad for sure, but I don't think there's actually any indicaton that D2G is under active development.
http://www.dataviz.com/products/documentstogo/webos/
I hate to say it, but, gosh, I wish they'd had a better marketing campaign out of the gate. I think that really hurt them with the general public. I don't think it's too late to turn it around, but they need to announce something.
Why don't each member of this community purchase at least one stock, then we will have nothing to worry about. As soon as my taxes come back, sign me up for 75.
As Bobby McFarrin said, "Don't Worry, Be Happy" Palm Users.
i bought at 8 and sold at 15 so nope. but if you wanna buy me some i'll take em. but i'm not putting my money to a company with inconsistent earnings. The really sad thing is i sold apple at 95. It fell to 89. Should have just kept the damn apple shares. They are at around 200 now.
wow this is soooo cool!!...an amazing buying opportunity i say!!...Get in now this is how warren buffet made his billions!!...is it risky tho? yess and so is life!!!
last i checked Warren Buffett made his money buying sound companies with consistent quarterly earnings that are undervalued companies not speculative plays with declining revenue. You know like Gieco, Sees Candies, and Brown Shoe company while investing in companies with pretty consistent earnings like Coca Cola and General Electric. Take a look at Berkshire's holdings http://www.cnbc.com/id/22130601/ You'll see a lot of mainstream established companies like Lowes and Conoco Philips. May i offer you some suggested reading you should read "The Intelligent Investor" Buffet swears by it http://www.amazon.com/Intelligent-Investor-Definitive-Investing-Practica... Buffett called it "The best book on investing ever written."
Well don't be sorry Derek its a fact we all have been witnessing since the Pre was released! Loyal users that were burned either by software or hardware issues at an early stage, along with iPhone competition, and then not responding to them apropriately really were bad moves on Palm's part. They overlooked the consumer in this attempt to remarket themselves.
Only if they were as large as Microsoft where they got money to burn would've they pulled out of this rut nicely. Palm needs a miracle to stay in the game. I really don't feel bad for them. Their new team does not have the quality or integrity or vision that the old one held for the consumer and their devices.
they tried right? well, I just hope we dont get stuck with a halt on updates and new apps for the next 3 years... i might just put a rock in the screen of my pre.
If Palm does indeed bite the big one and 1.4 is delayed into March (or oblivion), then I plan on jumping ship (onto Android). WebOS is truly revolutionary and well worth anyone's investment. It'll pick up but it needs time and money - two things Palm's in short supply of.
Apple won't touch them. Sadly, neither will Microsoft (can you just imagine MS buying WebOS, though? That would be sweeeet!). Google's got Android but maybe they have room for two OS's? Maybe the GoogleSlate can run WebOS.
Buy Back is $98 from Sprint at the moment.
Wow this is like Black Thursday on Precentral. Lots of disheartening financial news coming from the Palm world.
This is going to have a large effect with their carriers since I can't see Verizon, AT&T, or Sprint being very interested in purchasing any large amount of Palm phones. I'm sure the companies will say all the right things such as the Verizon rep did with news that they might be discontinuing the Pre Plus. How could you expect any carrier to aggressively push a phone from a company that is virtually on life support? It doesn't make any sense for them to spend the money on ads and support.
If Palm is that close to going under(which it looks to be at least in a stock sense and sales sense), then I wouldn't count on Palm releasing any new phones. Yes they need to but if things don't improve financially in a quick way then all that is left to do is sell the company. I can't imagine investors wanting Palm to continue spending what little money they have on a brand new line of phones.
I guess I am starting to face the possibility that there may be no Pre2 this summer on Sprint not that they said there would be. With Android saturating the market, Microsoft gearing up big for the fall, a new iphone this summer, and RIM continuing to put out boring but effective phones, the smartphone market is full of strong and well financed players. I hope Palm can stabilize and ride this out and its possible that they may but today it seems like Palm was admitting to investors that they don't have much in the tank and were passively putting up a for sale sign.
Maybe Adobe should buy them. It's the only Mobile OS that runs Adobe at this point. Oh wait, maybe D. Trump should make it the "your fired" phone. Then again, it could be the ABC "extreme makeover" phone! Who knows maybe even Al Gore could buy Palm and make it the first "internet phone".
Don't count Palm out yet. They just need the right person to buy. Maybe the US Government will bail Palm out. There are so many choices!
palm is not going anywheres they have a very nice os in their hands and someone will eventually buy them out but what palm has to focus on polishing the os more and keeping up with the consumers demand and finding someone who can really bring their hardware design to another level people will gladly pay for something that has a better build quality, pre scratches if cant protect the screen it has an oreo effect that is known all over the internet and worst of all the only carrier that they have large install base is sprint and sprint is just horrible when it comes to servicing the pre they make up lies after lies just to avoid the exchange the pre's. palm should really look at how at&t and apple work with their iphone customers. if palm wants to go any further with webos then they need to work with sprint here in the us and make all those customers happy by replacing those crappy pre's out their as they have the largest webos crowd in the country. sprint dosent have a droid or iphone type build quality phones and is the only that advertises the pre so their focus should really start with sprint.
Guys chill palm isn't going anywhere. although its hard to sell against aol (apple) thats what the iphone is to me.. Its the equivalent of aol in the late 90s.. so simple yet so controlled and mindless that anyone can use it... its hard to compete against an idiot device like that. I'll never give up on palm though. Never EVER!!!
This sucks. The WebOS platform and experience is easily one of the best out on the market, if not the best on the market. I Hope Palm doesn't go under. I really do. I wish Palm had a better marketing campaign, had better build quality (I'm on my 3rd Pre now and this one still has issues), and I wish the reps at stores weren't pushing other (and in some cases inferior) phones. I was thinking about writing an app for WebOS and learning how to code and I have been, and I can now see why devs aren't flocking to WebOS. It's a lot to take in for a company that might not be there in a few years. I mean, I don't think Palm will die completely, but there very well might be a leadership change, or a buyout. And it's sad. Palm was doing so well until this week. And then BOOM. Shot down like a skeet in mid air. From a business standpoint it was interesting to watch how it all folded out.
Palm was never really doing well. You weren't paying attention.
Sales volume; market share; analysts opinions; stock prices;
They are all important because they answer all of the other questions: "Why won't they make Shazam?", "Where are the EA games", "When is Docs-to-Go?"
You want a new product, enhanced feature, new peripheral? You need to have a viable platform that has a future. Successful developers do not waste their time on platforms that are going nowhere no matter how awesome you think it is.
Don't try to sneak any logic or reasoning in here. lol.
Maybe the problem is there is such a desire now for the next best think in technology in general. Buyers, especially the masses will not wait it out for a company to get its act together. Palm had the momentum and instead of running full speed, they just lagged. When they had the chance to finally offer the phone on Verizon, they could have made more changes to the pre plus to be more competitive and absolve any issues pointed out by so many users and review sites on the pre. They could have had 1.4 ready out of the box, added a snapdragon processor and even better camera at the very least. That would have really given the Droid and even upcoming Android devices some serious competition. Those specs alone would have drawn people to the devices and warranted way more positive press and comparisons. Now when the new Android phones come out, its going to be even tougher for Palm to compete.
Palm dug their grave at the first mention of the Pre. The Pre was not ready for the public, although the public was ready for the Pre. Pre was released without MAJOR options, as mentioned by gamble6x, along with many others; i.e.- more options with the settings (patchless abilities to change certain functions).
Most of the patches should be standard format for the WebOS on the Pre and Pixi. Many of the consumers who buy these handsets do NOT know how to access the patches through Preware or even know how to "hack" their phones. This is a shame and no blame should be put on those users, only onto Palm and their techs who put out the Pre without thinking through the outcome. It's like making a car without a steering wheel but making that an option available later, but only to those that know how to retrieve it.
I love my Pre, when it's working, and don't want to venture elsewhere, but if my 8th handset (yes I said 8th) does not start working properly or if 1.4 doesn't help matters (if 1.4 ever gets released), then I will be forced to seek out a phone that will be more reliable. I'm sorry Palm, but we depend on you for a quality product and so far, we have not seen top notch. You want to raise your stock, spend a dollar so you can make two.
8th Pre? You are clearly the one to blame.
How am I to blame for poorly produced phones? None of the former phones were dropped in the water, mishandled, rooted, or in any way mistreated. All but one were returned due to software malfunctions, the other was a slider malfunction. If my handset could go two days without having a stroke, I would be happy.
I agree!!! Also, Palm neglected loyal customers needs. They left out features that they hooked us and couldn't live without in PalmOS. Just really dumb.
it will be funny to see what the opening day brings tomorrow and if the update helps any i doubt it will ive been watching my palm stock go down since i bought it but hey it was worth te ride and ill leave it there till it hits 0
WTF!! so what does this mean for us Palm owners? Are future updates going to stop comming? Am i going to have an obsolite cell? Cuz I will return this Pre in a second...Why did this have to happen!
if they go the updates will prob go to glade im a premier customer so ill get a new phone come September
What a sad day. But its not over until they declare bankruptcy or are bought out. They'll bounce back. Hopefully they fired their advertising people.
From a HUGE Palm fan (I
So yesterday I posted that I don't pay much attention to analysts who use market analytics (meaning camparisons of market percentages as compared to competitors) as a basis of investment advice. I did however state that sales and profits are what drive business and management is what makes me think that Palm is a long term winner. I stand by those statements.
These sales figures are certainly disappointing. The fact that Palm had to come out with a statement about it does not bode well. Palm's mistakes have been in timing the market: had they been able to have the pre on vzw before Christmas, the sales numbers would have been vastly different. The rub will be in the inventory numbers, which Palm makes very difficult to ascertain in their quarterlies: if the slow sales have led to a glut in the supply chain, Palm will be in very serious trouble unless and until the current vzw marketing gains some sales traction. If the supply chain is too heavy, Palm will not have resources to further develop the next platform, which will lead to more delays and missed opportunities to make a market winner.
I still like Palm's management. My observations from the last year lead me to predict that they will manage this bump in the road well, and will be able to continue their r&d and development projects. Long term, they need to take a go-it-slow approach and keep production at a just-in-time minimum to return to real profitability and then be able to leaverage market better.
You know what upsets me about this news?, it's the fact that WebOS is such a great OS and people don't know about it. The advertisement for this phone has been horrible. Look at the iphone ads, simple, but sooo good, it just shows the phone, and shows you features the phone has, and they have different ones every so often showing different features and apps that makes people say "oh that's preatty cool" and go out buy one.
They should make those videos from the Palm app into commercials, show what the Pre and Pixi can do, multitasking, 3D gaming, 3.2 MP camera with flash, freaking touchstone for crying out loud! Palm, Sprint and now Verizon have one of the top 3 phones in the US market in my opinion, but what good is having this great product if you're just gonna keep it a secret and not tell the whole world about it? Seriously, how many people have switched from the Iphone on the crappy ATT network into the Pre or pixi?
I bought at 7 something and sold half at 15 something - now watching the other half. I hope it rebounds.
---
What if palm did tank? I wonder if our friends at WebOS internals would keep updating the OS. Wouldn't it be wicked cool if whole OS became open source and the old Pre's and Pixi's became a counter-culture tech hot item.
You market a smartphone solely to women and this is what happens. None of this should be a surprise, and it should be even less of a surprise for current Pre owners. Yes, you, PreCentral readers and posters, may be loyal enough to be able to handle being on your 4th or 8th Pre, but come on, you're all guys, and thus not Palm's focus. Women in general (and most men, too) don't want to deal with this crap; they want something that works, something that is easy, something that is pretty and something that their friends recommend to them. The iPhone is the only phone that fits that bill.
73% of Android users are male. Where is Android going? Up. The Pre is a smartphone fit for mom. It has a tiny screen and a tiny keyboard. That's not going to move units.
And Palm doesn't have enough money lying around to invest in creating a new smartphone. The Pre Plus Plus Plus isn't going to save them. And so while perhaps they could be saved with some great hardware, they don't have the cash. So they need a buyer. But no one has expressed interest, at least publicly.
You guys knew what you were getting into. You knew of Palm's troubles, you knew the Pre and webOS were brand new and untested. You were the early adopters. You knew there would be bugs, and you knew success was not guaranteed. And you derive pride and loyalty from that. But you're not the market. You can say that things will be fine, but they certainly are not right now. You can say that all these analysts are old, out of touch, and Blackberry users. But their actions are taking cash right out of Palm's hands, and that has an impact, whether or not it's justified.
And that's just the way it is.
lol i was thiking the same thing what palm should have done is hired the internal crew to keep cranking out these updates instead of the months it take palm to do just a few bug fixes and add some shit that should have been there in the first place
You guys are seriously out of your mind. This is stock price. Stock price doesn't actually affect day-to-day operations. Palm has more than $500 mil cash on hand. Yes, they had a poorer-than-expected quarter in terms of sales, but I wouldn't play the swan song just this second.
Oh come on, people.
Palm announces that it expects to turn in a quarter that would result in over a billion in revenue in 2010, says cash flow (and cash position) is much better than the analysts cited claimed, likely has new devices in the pipeline, and is less than 12 months into the release cycle of its first OS, and people are moaning about liquidation.
Get a grip!
Palm's got more than enough channel access, cash, development resources, and momentum to power through the year. It's in a significantly better position than it was last year at this time, and it's in a comparably better position than Apple was when it started its run up.
All these "Palm is doomed" posts and articles take me back to Apple circa 1997 and 1998. And they managed a turnaround with warmed over PowerPC OS9 machines in candy-colored cases -- not a better technology platform with development potential.
If Palm is still struggling by Q3 of this year, then some concern is warranted. But the rollout of the existing devices isn't even mature yet, for pete's sake. Calm down.
I'm not sure what smartphone takes more than 7 months to rollout "maturely," but I think we've seen the lifecycle of the Pre. It's over, and nothing is bringing it back, even if you slap 50 "Plus"es to it.
You say that there's likely new devices in the pipeline. When was the last time, in the age of gadget blogs and cellphone cameras, where devices in the pipeline have not leaked? Has there been a recent leak of a new webOS phone that doesn't have a Plus in its name? No. You just think there's devices in the pipeline because that's what an economically healthy company would do. If Palm was economically healthy, analysts wouldn't be dumping its stock.
Come on, the Pre was announced over a year ago. If there was something coming soon, we'd know about it.
"... When was the last time, in the age of gadget blogs and cellphone cameras, where devices in the pipeline have not leaked? ...."
Are you that daft? How about the Palm Pre!
Before CES last year we knew -- nothing -- about the Pre and webOS. NOTHING. Not one vowel of technical information was uttered by anyone. All we heard was partner optimism.
And now, just a year later, it's inconceivable that the same company could be at it again?
YOU are logically deficient and all your comments can be ignored.
Completely different circumstances. After the release of webOS and the Pre, webOS devices were part of the collective gadget blog/aficionado consciousness. People saw the Pre entries in the Verizon system. Before, perhaps people didn't know what these things were (what's a Pre, what's webOS?) now people know. Sorry.
Case In Point:
Palm developing new webOS Device for release this year
http://www.everythingpre.com/blog/palm-developing-new-webos-device-for-r...
The timing of this news is not coincidence. It is a response to the bad news of the past week. That is my feeling only. I do not subscribe to WSJ, unsurprisingly, to know how the information was characterized.
After the way that Palm has been beat down this week, it was no longer appropriate to develop in secret.
I'm hoping this device to be a landscape slider with insane capabilities. I am a Portrait QWERTY guy, so I will not buy it, but there are tons who will.
Then I think Palm should do the Pre2 and then, despite Rubensteins's statement to the contrary, a slab that relies on a virtual keyboard. People want them and they sell.
Good news if it's true. I hope it's a top of the line handset. (Also, I'd have to say that the Palm Pre Plus is the Pre2).
(Note, I'm not a webOS/Pre/Pixi hater. I'm a webOS/Pre dissapointer. I went to the Sprint store the first week the Pre came out because I was very interested. Regardless of the fact that both floor models were busted, once I slid out the keyboard and tried it out I knew it was over for me. I didn't think I'd have to wait over a year for the chance of a reasonable/impressive webOS device to come out. But I hope the new one is great, because I'm looking for a new OS)
I don't understand it. This device and WebOS is absolutely fantastic and I like it far better than anything out there today. Palm should be doing FAR better. I just don't get it. Its like some wicked spell or something. Do we have enough capitol to develop new hardware? Or maybe start allowing WebOS out to handset manufacturers like HTC or Samsung or Sony? There has GOT to be something we can do!
This is the problem. You refer to Palm as "we." You're personally invested in them.
You don't see what happened? They announced a great new OS in January 2009. They didn't give us a set date of release, just by the end of Q2. Then Palm waited until the very end of Q2 to release it, and it was full of hardware and software problems. Not to mention the tiny keyboard and smaller than average screen (which makes no sense if you're hiding the keyboard). Then the marketing to women and the horrendous ads. And the slow uptake in apps. Then putting the Pre and Pixi on Verizon months after release with few changes.
Now it's 14 months later. There's two webOS phones, both targeting women, and no word on any new phones. People are still trying to replace their faulty Pre's with new ones.
webOS was supposed to resurrect Palm. It hasn't, and there's no indication that it will. At some point, your time runs out.
Why? .... are you here again?
I'm sorry. I didn't know skeptics weren't allowed. Let's just say everything Palm is doing is great, sit quietly on our hands, and hope that Palm continues to innovate without any external or internal pressure.
I know I shouldn't feed the troll, but:
What do you mean the small screen makes no sense??? The size of the phone - with the KB closed - could not possibly be more perfect! Is the screen smaller than the iPhone? Yes. But thats one (of many) reasons that the this thing has it all over the diePhone - it *feels* like a phone should, not like a miniature clipboard stuck to the side of your face - or your hip.
I am a male with large hands and can type better and faster on my pre than my computer keyboard. So i find the form factor as far as size, perfect. i don't want a large thing jumbling around when I'm at the gym or elsewhere. I like sleek form and the Pre is it. just needs to be more solid.
I cannot imagine using anything but a WebOS phone. I am absolutely spoiled.
Goodbye Palm. We hoped in you for so long. And we didn't even hope for much. We just hoped our phones would work like a normal phone should. Fanboys aside, it's your time to go. Even though I don't like Android, it's the future. You had your chance. You blew it, even with all the cheerleader's spurring you on. Too slow, too little, too late. webOS 1.4? That should have been June 2009.
Now the Palm Pre that just looks like slick rock, will soon just be that. I guess we can see how many bounces we get on the water.
Derek, sometimes it is the news....but you have written several negative editorials as well. I am not sure how much of the news is not just editorials rolled up with a pretty website.
jmr, there is a lot to be negative about. Palm used to be state-of-the-art. They came up short and are falling further behind. When iphone releases a multitasking phone in June, what will the Pre be worth?
Negativity is in the eye of the beholder.
The only thing negative I see around here are.... the beholders of Palms.
I see a ton of positive things about Palm. . .
- 1.4 bringing A TON of much requested features, bug fixes, etc. Overall, just making us more efficient and effective.
- How about the 600 MHz overclock patch? ... the 720 MHz OC patch? ... the 800 MHz OC patch?
- How about getting past 2000 APPS (not patches & themes!!). If Android used the same methodology of counting apps seperately from themes... their App Market would take a rather large hit.
- How about having the fastest growing app distribution center? 20% growth rate is nothing to sneeze at. The beauty about percentages is that they put things on an equal footing to analyze the RATE.
- How about investing in cheap stocks?
- How about there's really not a whole lot negative about Palm and webOS other than some "negative hype"??
Lemme repeat that...
THERE'S REALLY NOT A WHOLE LOT NEGATIVE ABOUT PALM AND WEBOS OTHER THAN SOME "NEGATIVE HYPE"!!
... oh yea, and Derek is still employed by PreCentral. That's a killer, alright.
I think you're at the wrong website. It sounds like you're looking for www.webOSandThePreAreTheBestThingsEver.net.
LOL you know im starting to think that every one is tired of the bs with the pre and are begining to ask themselve wtf did i get my self into? A company that puts out smart phone that was half assed with the best OS hands down and are now facing the fact that they might fold.As a pre owner myself and unfortunate stock owner of palm i've sat here and watched how great things are coming and still haven't other then multi tasking the competitors have the same things the pre does and still has the basic features that the pre doesn't plus they have app developers on board i've heard that palm does but have'nt really seen anything worth telling anyone about app wise i email companys all the time about weather not not there going to make their apps for the pre and they donr even bother to respond. its going happen sooner or later
I said it when he took over the helm, I'll say it again. Rubenstein is a brilliant developer with no sign of capability to be an effective CEO. Find a replacement at the top - preferably someone with marketing & sales experience - and put Rubenstein back in the lab. Then replace the Chinese hacks who glued this pile of plastic crap together.
Only then will Palm survive.
Oh, and those of you seeing this as a buying opportunity - don't bet on it, literally. Palm's still got some hefty losses ahead. I'll be considering PALM again at $5 & change.
+1
looks like plam has lost hope and so has everyone else I blam it on the ceo movin like he got all day. It sucks but o well on to the next os I'm thinkin android's up next but that's just my thoughts & opinions....
Well that does make me sad but I'm not giving up on Palm yet! I bought some shares at $11...looks like it's time to buy more and do exactly what I planned to do with them...sit and wait for steam to pick up again. I feel they're doing things right but there are some pretty intensely high expectations going on...bah well, what can you do?
I read an Ars Technica review of WebOS that stated it was slated against the Blackberry in its goals. If this is true (and I admit I can see where AT is coming from), Palm is amiss: their target should be the iPhone. Palm needs to put itself on equal standing with Android systems to get in really good. Once the iPhone starts to slip (and as more people learn about alternatives, I think it will, if Apple doesn't give it a much-needed lift), that will help Palm and Android out much, then Palm can play amongst equals. They really need to tote the features of the phone more in the commercials. Pull an iPhone: show off what you have. Though I liked their original Pre commercials, they didn't do what a commercial needs to do. I'm really hopeful for Palm and WebOS. I will be getting a Pre very soon (now that I finally have a job and can pay for it), and I'd hate to "invest" in something that's going to fall.
Go ahead investors, sell your stock. Then maybe I will feel like taking the risk of buying some Palm stock when the prices drop. Assuming they survive this rough spot, they very well could have stock prices up into the 'teens again.
The time is now to re-invest in Palm. I would.... only if there was some way for me to be sure that it will skyrocket back up and not just keep going down and die. I Really hope they survive... I LOOOOOVE webOS, it is the best mobile OS out there, HANDS DOWN. =\
I love the WebOS platform too. I can't imagine going with another OS or device that does not have multitasking; but I'm sure that there will be a phone released by Apple, Android, or some company that will be equipped with the ever popular multitasking function.
Now, as far as the rest of the Pre goes, I like the concept. I bought it with an open mind and new of the risks. Turns out, more bad than good, but lots of good.
The bad?, processor speed and handling. Like I said in my post earlier, it would be nice to go two days without my Pre having a stroke.
Some independent company needs to sit down, go through all of these blog sites, that cater to the different smartphones, and create a phone that features all of the most desired options and items that these bloggers have mentioned.
10 mega pixel camera? OK. put it in there along with HD video recording (HDMI input/output like the Instinct, although that is just an output). Don't tell me the camera is too big, we have microscopic robots working on living organisms.
Multitasking? Easy enough, throw it in.
A bazzillion apps? Done. There are plenty of developers out there who would love for their app to be featured on a phone for a $1 a piece. Open that OS up, like WebOS, and TELL PEOPLE ABOUT IT and let them go nuts. If the new phone has 8 GB of mem. (and it SHOULD have an expandable micro or mini SD slot) and someone wants to create and or download an app that takes up 3 GB, let em.
3D gaming, oh buddy, that is a juicy detail that can NOT be overlooked. Love me some gaming.
Point is, every company wants to be unique and come up with something that is totally new and different. That's all fine and dandy and all, but take the most desired options, put them into your phone, and then add on top of it your new and improved and mind blowing idea.
I don't have the $ or the knowledge of developing do the things that I have mentioned, and I know it would take a lot of $ and developing isn't easy, but what I do know is people and people want everything for next to nothing and want to do very little to get it. Our world has become a bunch of lazy, techno-reliant cheapskates. So my solution, which may be far fetched, is to just give them what they want. Men and women want the same things in their phones so don't market towards one or the other. Make a phone that EVERYONE will want.
Palm, if you want to pick up this idea, go ahead. Just make sure that you don't mess with people's heads and release a patch once in a while. Give the people what they want and allow them the knowledge on how to get more. PREWARE? Not cool. SOOO many people have never even heard of it, or if they have they don't know how to use it or install it; and these are Pre owners.
Sorry to have written so much. I have more but will spare you the rest. Sorry.
Palm doesn't have any good marketing and at least for the U.S. the carrier support sucks. Verizon is focused on Droid, AT&T is on iPhone and remember T-Mobile was the only carrier that had Android for a long time and they are the 4th largest company. If sprint had better customer service and focused on WebOS like AT&T did with iPhone, T-Mobile did with Android and now Verizon, Palm and Sprint would be in a better position. Sprint has and always will have the second best phones. WebOS was the best OS for Sprint, but Sprint screwed themselves and Palm. Verizon also screwed Palm by downplaying WebOS with the MOM commercials.
Agreed.
wedding dresses,wedding gowns,bride dresses,bridesmaids dresses,evening dresses,bridal gowns,flower girl dresses
Wedding Gowns
Formal Gowns
Cocktail Gowns
Find the wedding dress designer and wedding dress that's right for you! Browse dresses from
Bridesmaid Gowns
Evening Gowns
View our selection of exquisite, handmade gowns and dresses for your wedding
Wedding Dresses, Wedding Shoes and Wedding Accessories from wedding shop, the UK's finest collection of designer wedding dresses.
Use the wedding dress and
cheap wedding
wedding dresses
wedding shop
Level of the chat channel, useful speech interface, and admit sections with our friends on IRC clubs bring together the world of the web
Sohbet Odalar? -
Sohbet -
Chat -
Thanks a lot admin for your blog is really good about my luck ..
film izle direk izle