After Palm's amazing IPO, it ended the first trading day with a nice 150% gain. However, Palm's stock has been steadily dropping as big investors dump their shares. Who wouldn't be spooked? Palm has an amazing $45 billion market capitalization which is ironically more than 3Com's which still owns 95% of Palm. For comparison, Palm's price to revenue number is at 45 while Cisco's is only 25. More incredulously, Palm's price to earnings ratio is greater than 1,300 while Cisco's is "only" 153. Read the
full story at CNET for more.
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