Palm Inc., the company that invented the smart phone but has consistently failed to compete effectively against newer market entrants, reached a point of no return when it announced plans to close all but one of its retail stores, analysts said Friday.
While consolidating operations can sometimes aid struggling companies, analysts said that is not the case for Palm, which has for some time been in a downward spiral without showing any meaningful plan to recapture market share from rivals like BlackBerry maker Research in Motion Ltd.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
