OSNews: http://www.osnews.com/story/21113/Palm_Whips_McNamee_Retracts_Investor_s_Statements Exploring the Future of Computing en-us Copyright 2001-2009, David Adams adam+nospam@osnews.com Sat, 28 Nov 2009 16:51:16 GMT http://www.osnews.com/images/osnews.gif OSNews.com http://www.osnews.com Actually, this is precisely what they needed to do... http://osnews.com/thread?352512 http://osnews.com/thread?352512 That's because this investor almost certainly has a rather large amount of insider information, and this could be deemed to be manipulating other investors into making their decisions based on this insider knowledge, being stated from someone that would seem logical to have such insider knowledge. In other words, Palm clearly has a problem with letting such things stand from the SEC's point of view as it is material knowledge that this investor almost certainly has, that may be (real or perceived) used to manipulate the price of the stock: this is absolutely a bad thing from a legal point to have happen, or even the perception of it. If you've ever been employed by a publicly traded company, there's all kinds of things about what you can and can't do, and why, regarding "material information" such as this investor almost certainly has, or at least outsiders have a reasonable expectation that he has. As soon as they're aware of any such breaches, like any company traded, they're required legally to do what they've done.

Palm is just doing their legal requirements: this isn't nearly so odd as you make it out to be, except for the fact that someone that's not associated with a rumor site said this much. Tue, 10 Mar 2009 18:31:00 GMT donotreply@osnews.com (JonathanBThompson) Comments RE: Actually, this is precisely what they needed to do... http://osnews.com/thread?352516 http://osnews.com/thread?352516
That's because this investor almost certainly has a rather large amount of insider information, and this could be deemed to be manipulating other investors into making their decisions based on this insider knowledge, being stated from someone that would seem logical to have such insider knowledge. In other words, Palm clearly has a problem with letting such things stand from the SEC's point of view as it is material knowledge that this investor almost certainly has, that may be (real or perceived) used to manipulate the price of the stock: this is absolutely a bad thing from a legal point to have happen, or even the perception of it. If you've ever been employed by a publicly traded company, there's all kinds of things about what you can and can't do, and why, regarding "material information" such as this investor almost certainly has, or at least outsiders have a reasonable expectation that he has. As soon as they're aware of any such breaches, like any company traded, they're required legally to do what they've done.

Palm is just doing their legal requirements: this isn't nearly so odd as you make it out to be, except for the fact that someone that's not associated with a rumor site said this much.



In lamens terms: ``He was full of crap and knows nothing of the technologies nor what it takes to deliver the end-to-end competition for the iPhone.'' Tue, 10 Mar 2009 19:02:00 GMT donotreply@osnews.com (tyrione) Comments damage ctrl http://osnews.com/thread?352525 http://osnews.com/thread?352525 this is pretty standard for anyone large company when some investor shoots his mouth off. its just standard damage control, happens all the time... Tue, 10 Mar 2009 20:56:00 GMT donotreply@osnews.com (poundsmack) Comments RE[2]: Actually, this is precisely what they needed to do... http://osnews.com/thread?352529 http://osnews.com/thread?352529 Actually, in laymen's terms, it means:

"This investor is shooting off his mouth, and making claims that could affect stock prices, we can't look like we condone insider trading, so we have to disavow him" Tue, 10 Mar 2009 21:34:00 GMT donotreply@osnews.com (BluenoseJake) Comments RE[3]: Actually, this is precisely what they needed to do... http://osnews.com/thread?352537 http://osnews.com/thread?352537 That's an effect, not the cause. The cause to make this guy shoot his mouth off is rhetoric from Palm engineers who didn't expect their marketing hype to be spewed forth for the world to read, long before a product arrives.

Undersell, over deliver. The other way around spells doom. Tue, 10 Mar 2009 22:35:00 GMT donotreply@osnews.com (tyrione) Comments RE[4]: Actually, this is precisely what they needed to http://osnews.com/thread?352538 http://osnews.com/thread?352538
The cause to make this guy shoot his mouth off is rhetoric from Palm engineers


Source? Tue, 10 Mar 2009 22:37:00 GMT donotreply@osnews.com (Thom_Holwerda) Comments RE: Actually, this is precisely what they needed to do. http://osnews.com/thread?352553 http://osnews.com/thread?352553 Palm is just doing their legal requirements: this isn't nearly so odd as you make it out to be, except for the fact that someone that's not associated with a rumor site said this much.

Exactly... the retraction reads like a retroactive version of the "forward-looking statements" disclaimer that JLG used to be fond of. Wed, 11 Mar 2009 00:20:00 GMT donotreply@osnews.com (StephenBeDoper) Comments Comment by larwilliams http://osnews.com/thread?352559 http://osnews.com/thread?352559 It's not like anyone outside of the 3 remaining Palm users care anyways. Palm had their chance to be the main player in the game, but rested on their laurels for way too long and did nothing to improve their technology.

Palm is about as relevant as SGI nowadays.Edited 2009-03-11 01:03 UTC Wed, 11 Mar 2009 01:02:00 GMT donotreply@osnews.com (larwilliams) Comments He's like an Apple fanatic http://osnews.com/thread?352589 http://osnews.com/thread?352589 Strange when I see it coming from someone connected to Palm. It doesn't seem quite right. PalmOS sat for so long that you'd think everyone around it would be quite reserved.

I'd expect this kind of hyperbole from an Apple fanatic who can't see reality, but just as Apple doesn't apologise or retract (in general), why is Palm? Wed, 11 Mar 2009 05:48:00 GMT donotreply@osnews.com (bousozoku) Comments RE: Comment by larwilliams http://osnews.com/thread?352600 http://osnews.com/thread?352600
Palm is about as relevant as SGI nowadays.


The smart phone market is highly competitive, and not nearly as closed as the desktop market. Any company, whether it had past successes in the market or not, can be successful with a good product. There's up till now no reason to assume the Pre is not a good product, and therefore no reason to assume it is doomed for failure.


JAL Wed, 11 Mar 2009 09:04:00 GMT donotreply@osnews.com (jal_) Comments