Walt Mossberg – For iPad and Mobile Devices, a “Port” out of the Norm
Palm shares are off sharply after the company provided a highly disappointing forecast for the February quarter. Everyone understands that the recent recap of the company by Elevation Partners, complete with an infusion of ex-Apple technical and design talent, is going to take some time to bear fruit. The trouble is that Palm’s current situation is looking worse and worse: the company has a bigger hole to dig out of than previously thought.
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