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Friday, February 26, 2010

Palm Pre losing battle

HOW TO DISMANTLE A SMARTPHONE: Palm shares sank 19% yesterday, losing $1.56 to close at $6.53 in what the N.Y. Post’s Paul Tharp noted was a major blow to Bono, whose Elevation Partners is the principal owner of the ailing smartphone maker, which continues to lose ground to Apple and RIM. Ironically, Bono might have worked against his own investment last summer when he baffled marketing experts by appearing in commercials for RIM's BlackBerry, Tharp pointed out. (2/26a)

 
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