Biz, Tech: Palm-reading: The phone maker’s putting itself up for sale
- What a sucky ending for a cool comeback story. A year ago, Palm looked like it had realistic potential to take on the iPhone in the market. Now, it’s a completely different story. The Pre is a good phone. WebOS is a good system. But now the company and its dwindling stock price are going up for sale, according to Bloomberg. The company has been burning through $80 million every three months just to keep up with Apple and Google. It’s not sustainable. source