Credit:
The report comes from Canaccord Adams technology analyst Peter Misek, who wrote this morning, "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support.”
Although Palm’s revenue tripled in its most recent quarter versus the prior year, less than half of the smartphones it shipped to distributors actually sold. And for the coming quarter, Palm offered a revenue estimate of less than half of what analysts were expecting.