My Prediction, Palm: Pain.

Palm lost about half a billion dollars in market value last week after the company warned of a nasty revenue shortfall. And it seems that was only the beginning of what may prove to be a long and painful decline. Investors brutalized the company Thursday, slashing nearly five percent from its share price.

RIM: Despite Decline in U.S., Avian Sees Hope

After combing through Research in Motion’s Dec. 19 6-K filing, Avian Securities wireless analyst Matthew Thornton writes that the company’s prospects are still intact as it moves past its recent product delays in introducing new BlackBerrys.

Palm Shares Tumble; Morgan Keegan, Avian Downgrade

Analysts at Avian Securities and Morgan Keegan downgraded Palm stock this morning, prompting a sharp downturn in shares. Reasoning includes the conjecture that smartphone sales will be down for the next few quarters. This is certainly true for the Palm Centro, and the Treo Pro and Treo 800w may not even make it to AT&T and Verizon stores in time for the holiday season. Early demand for the BlackBerry Bold, however, appears to be “robust.”