Palm Stock Plummets - Business Week Says Palm Has Enough Cash for 15 Months
Graph courtesy of Yahoo! Finance: Apple (blue), Palm (red), Nokia (green)
Palm has about $590 million cash available according to Yahoo! Finance’s balance sheet information about the company. That sounds like a lot. But, according to Business Week, this cash can only keep Palm running about 5 quarters (15 months).
Palm Under Pressure After Sales Shortfall
So, what can Palm do in 15 months? Some speculate it will be bought by another company. This doesn’t seem likely to me.
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