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Finance

PALM closes week with Wall Street beating; focus shifts to CES

Wall Street smacked PALM around after a quarterly financial results that were considered disappointing but now all focus shifts to CES.
Written by Sam Diaz, Inactive on

Palm is experiencing a bit of a financial hangover today. Following yesterday's second quarter financial results update, which was mostly a disappointment, analysts this morning released notes that were brutally honest about Palm's outlook. In turn, investors unleashed a bit of a whipping on Palm on Friday: shares declined sharply on Friday, closing down more than 13 percent at $10.17.

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