Palm now worth nothing

Woof. Analysts have placed a sell rating on Palm and are now valuing their stock, at least in hyperbolic terms, at $0. Quoth CNN:




Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company’s future and several analysts downgraded their positions on the stock to “sell.” Two analysts even lowered their price targets to $0.



http://www.mobilecrunch.com/

Josh Topolsky has some advice for a turnaround but I don’t think even that sprightly elf-man can help this company in distress. The dream, as they say, is dead.

McLaren MP4-12C: We live in a world where $225,000 cars are considered ‘affordable’

Watch out, Nicholas writing about cars, there’s bound to be errors! (No different from anything else, really.) It’s the McLaren MP4-12C, a £150,000 ($225,000) supercar that McLaren is actually positioning as “affordable.” I mean, an Xbox 360 Arcade SKU is “affordable,” maybe even a fancy gaming mouse when you consider what they do… Oh, I know who would consider this supercar affordable: people who play for Manchester City.




The British supercar made its fancy debut yesterday, surrounded by Formula One drivers Lewis Hamilton and Jenson Button. Supposedly it’s the UK’s answer to the Ferrari 458—Italian, of course.


It can go 0 to 60mph in 3.4 seconds. I believe that’s an impressive number.




The exterior is one single piece of carbon fiber. That’s the new “cool” material, right, carbon fiber? You hear about it all the time on Top Gear.

http://www.crunchgear.com

There’s no video of it in action, unfortunately. Someone call The Stig, or Matt. Whoever’s available.