Palm’s Deathspiral Continues

According to [this article on money.cnn.com](http://money.cnn.com/2010/03/19/technology/palm_target_price_zero/index.htm?hpt=T2) :
> Morgan Joseph & Co. analyst Ilya Grozovsky, one of the two analysts to cut its price target on Palm shares to $0, said “Palm is essentially an accelerating death spiral.”
It’s not hard to see where Palm lost out. The [Palm Pre](http://www.palm.com/us/products/phones/pre/) is an excellent device. It has wonderful potential, a great form factor, runs Linux. On the feature list, it looks quite good.
It simply appeared two years too late.
Palm’s failures regarding the timeliness of it’s products [has been commented on by me before](http://planet-geek.com/archives/2008/08/iphone-over-pal.html) so I won’t go into them again. But it’s quite obvious by the time they got the Pre out the door, Apple, Rim, Google, and heck even Microsoft had filled up the smartphone market. The market is shaking platforms out and narrowing down the focus – not expanding onto new platforms.
We’ll see if the Pre, and by extension, Palm survives – they’ve weathered bad storms before, but unless the Pre sales level off and hold their own – something I don’t see them doing – I don’t see Palm around in two years.

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A wandering geek. Toys, shiny things, pursuits and distractions.

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