UPDATE: A number of stories have hit the media describing Palm’s survival as going critical.
LATimes – Smart phone maker Palm facing fight for survival
StreetInsider – Wall Street Weighs In On Palm’s (PALM) Disastrous Report – Two Say It’s Worth $0, Another Highlights Growing Chance of a Takeover
Washington Post – Palm’s phone sales slump and its stock dives
Goldman Sachs and others on Wall Street see slightly more than a year before bankruptcy becomes a real threat. Also they predict a buyout by a firm wanting an instant entree into the mobile smartphone/device market with an excellently reviewed smartphone hardware and webOS software combination. Nokia, HP, Dell, among others are cited as possible suitors for Palm.
Our original posting of March 12th, 2010
There is no doubt that the Palm Pre has garnered good reviews from the Gadget/Electronic Device media people. BUT:
in smartphone market share in the US, Palm continues to drop share. Yet Palm continues to produce winning capabilities like the sharable WiFi Hub in a Pre Plus capabilities [one Pre Plus can power a study group connections on the Net], superior battery life and an App development system based on HTML5 and strong DHTML Web standards not like specialized, proprietary Apple or Blackberry tools. Finally the new Palm Pre Plus and Pixi Plus continue to garner great reviews.
So the availability of Palm Pre Plus and Pixi Plus on Verizon with 2 for one pricing will be the crucial test . If this cannot stem the tide of marketshare losses in the next 2 quarters, Palm and RIP are on the horizon unless a Nokia or other angel investor swoops in to the rescue. Once again being technically very good may not be good enough in the Disruptive Innovation business game.