This is very very bad. And
Fool.com tells you why:
Quote:
A strong launch is critical because as goes the Treo, so goes palmOne. The company has bet its future on the smartphone, hoping to use it to boost growth and offset a steep decline in the handheld market it has dominated for years. But that won't be easy: There are plenty of competitors to the Treo, and some of them are available at a substantial discount. Take Research In Motion's (Nasdaq: RIMM) new 7250, which was launched yesterday. No, it doesn't boast the camera, MP3 player, or Bluetooth compatibility found in the Treo, yet it does feature Web access, e-mail, and phone service all in one package. Inking a two-year service deal with Verizon (NYSE: VZ) will get you the device for at least $100 less than the 650. That's why "oops" simply isn't an answer palmOne can afford to give its investors right now. Or maybe ever.
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