Submitted by David Kuan06.26.2008
The ongoing onslaught of the PDA/smartphone markets with entrants such as the iPhone 3G, Samsung Instinct, and LG's Dare putting a pinch on PALM who reporetd 4th consecutive losing quarters. Predictably, its stock value has been trending lower as well.
With nothing significant in the pipeline to compete against the iPhone and "iPhone-killers", one might anticipate that PALM's market share will continue to dwindle, thus putting more pressure on its stock value.
This is a prediction that PALM's stock price (at $5.41 as of this writing) will dip below $4 by the end of August, 2008. The stock does not need to close below $4. It can dip below $4 during intraday trading.
Suggested Odds50.00%
Prediction Close Date:08.29.2008 (EST)
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Comments
Adjusted to $4 given that since the original suggestion date (price was $6.50/sh), the stock has trended down to $5.60/sh.
This stock is indicative of a change of trends in the mobile imarket.
iPhone is shocking the planet. But Palm, which has a presence.. needs to respond. A $4 share price will advise of a harder uphill climb for the company.
The App Store alone seems to be making all other mobile devices inept. Now, if only AT&T wasn't the only carrier. . .
@Eric, PALM is now still about $5.60/sh making this prediction an interesting one to play. What is the chance of this suggestion being selected as a prediction for play?
Very good, actually.
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