PALM stock dips below $4 by end of August 2008

David Kuan — Mon, 21 Jul 2008 11:40:51 -0700

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Judgment on August 30, 2008: Palm's stock price closed on Friday, August 29, 2008, at a stronger than expected $8.51, which some attribute to the relatively well received Palm Treo Pro. This prediction did not occur, which the community correctly predicted. Judged at 0%. -- The Industry Standard

Original prediction:

The ongoing onslaught of the PDA/smartphone markets with entrants such as the iPhone 3G, Samsung Instinct, and LG's Dare putting a pinch on PALM who reporetd 4th consecutive losing quarters. Predictably, its stock value has been trending lower as well.

With nothing significant in the pipeline to compete against the iPhone and "iPhone-killers", one might anticipate that PALM's market share will continue to dwindle, thus putting more pressure on its stock value.

This is a prediction that PALM's stock price (at $5.41 as of this writing) will dip below $4 by the end of August, 2008. The stock does not need to close below $4. It can dip below $4 during intraday trading.

The Industry Standard - PALM stock dips below $4 by end of August 2008 - Comments

PALM stock dips below $4 by end of August 2008