Palm: valuation in fairytale land?
Palm used to produce some wonderful, high quality cutting edge products unfortunately the world (and Apple) has moved on!
It’s really all about the Palm Pre and Palm Pixi.
Other business lines are immaterial relative to the market capitalisation of the business and projected income.
Historically Palm achieved it’s highest top line revenue in the financial year ending May 2006 of $1.578bn
Prior to this revenue attained a level of $1.559bn in 2001
Gross margins for the financial years May 2008 back to May 2005 (May 2009 is excluded being a year of change) average 32.75% with the peak margins achieved in financial year 2007 of 37%.
Average operating expenses for the financial years 2008 to 2005…
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