Palm now worth nothing

Woof. Analysts have placed a sell rating on Palm and are now valuing their stock, at least in hyperbolic terms, at $0. Quoth CNN: Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company’s future and several analysts downgraded their positions on the stock to “sell.” Two analysts even lowered their price targets to $0.

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Palm now worth nothing

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Posted by Kevin Huffman on Mar 20 2010. Filed under Tech. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.