Palm, the struggling smartphone maker, continues to see the price of their handsets drop, with Wal-Mart now slashing the price of the Palm Pre Plus for Verizon to $30 with 2-year contract, and the Palm Pixi Plus to free.
If you prefer Amazon, the e-tailer has the Pre Plus for $40 with contract, still a large discount from even just last month, when the phone was retailing for at least $70 with contract.
Citing the price cuts, C.L. King analyst Lawrence Harris downgraded his estimate for 2011 EPS (earnings per share), dropping his expectation of a $0.50 per share loss, to $1.10.
The bigger loss estimate also adds in costs of Palm's costly new advertising campaign for the Pre Plus.
Citing the price cuts, C.L. King analyst Lawrence Harris downgraded his estimate for 2011 EPS (earnings per share), dropping his expectation of a $0.50 per share loss, to $1.10.
The bigger loss estimate also adds in costs of Palm's costly new advertising campaign for the Pre Plus.
