Palm's future looks bleak. The company's poor third quarter has prompted many analysts to downgrade the company further and advise investors to sell. Palm shares are considered worthless by several experts, says Sizlopedia. Elevation Partners, which owns one-third of Palm, isn't ready to turn tail and run just yet, reports The Inquirer. The firm remains confident in Palm Chairman and CEO Jon Rubinstein and its WebOS platform.
Ian Paul at PCWorld.com presents five suggestions that could save Palm. Paul recommends the company find its auteur(s). Perhaps Rubinstein, who has the backing of Elevation Partners, will serve as Palm's Steve Jobs. Paul also notes Palm's lack of apps. With North Americans shelling out the most money for mobile apps, Palm clearly needs to get on this horse. The Palm Pre made it on our list of the best smartphones for business. Should Palm continue to focus on marketing and engaging its user community, more people could come to the same conclusion. Paul also suggests that Palm reach for the stars.
InformationWeek reports that the company is halting production of its Pre and Pixi due to surplus inventory. According to Macworld, AT&T plans to soon offer the Palm Pre and Palm Pixi, which could help move the products. Ultimately, Palm will have to address user complaints with a next-generation device. Of course none of the above can be accomplished without a cash injection, according to Paul.