Palm Cutbacks Worry Investors Despite New webOS
The latest version of Palm’s webOS is out, but a reduction in orders to suppliers had investors worried Wednesday. The release of webOS 1.3.5 for Sprint Nextel’s Palm Pre and Pixi customers isn’t expected to ease Palm’s financial woes, but makes it easier for users to download applications from the App Catalog. Palm has had 10 consecutive quarterly losses, and its new webOS faces significant competition. Palm investors worry that webOS may not be the preferred platform for Palm’s wireless-carrier partners or end users. And Palm’s recent cuts in orders to suppliers left investors feeling shaky. While Palm expects webOS to lead its product road map and services and be a key differentiator, it’s a new OS and the …





