This is a tough time to gamble on the cell-phone market.
Following on a weak report from BlackBerry maker Research In Motion
Thanks to increased competition from smartphones such as the BlackBerry Curve and the Apple
Doing the math, we can see that the average Palm phone sold for $534 last year, but only $306 this quarter. These are wholesale prices to network providers such as Verizon
On top of all of that, Sony Ericsson is joining the Greek chorus of doomsayers. The joint venture between Sony
Palm's stock has lost around 64% of its value in the past year, and it's now worth less than a fraction of its split-and-dividend-adjusted IPO price. Don't expect a rebound to the glory days of 2000, unless management is holding some cards I haven't seen yet. If there are some hidden cards, they'd better be a whole stack of aces, or else this joker is heading for the discard pile of history.