Some say that Palm has been counted out now, well that is the opinion of many analysts including a Morgan Joseph & Co analyst.

The Morgan Joseph & Co analyst, has cut his price target on the mobile device and software manufacturer to $0. Now of course we have the strong rumours which are all over the internet in relation to the potential acquisition of Palm by either Lenovo or another technology company.

Another analyst has stated that the company’s intellectual property may be worth between $8 and $9 per share alone. MDB Capital Group, measuring Palm using its intelligence platform has said that Palm has a strong collection of intellectual property and Pete Conley managing director of MDB Capital has said “palms IP is ranked in the 99.5th percentile of over 4,000 companies rated by PatentVest”.

The company also released a press release on Monday which noted that Palm will be featured as a special presenter at MDB Capital Group Bright Lights Conference which is being held in San Francisco on May 11th.

Source – americanbankingnews.com