Palm Sinking at a Slower Rate

I was one of three people that camped outside of my suburban Best Buy last year to guarantee I walked out with a Palm device that was buzzing the interwebs. Despite syncing my life, the Palm buzz has sizzled out. Android powered devices, the continued success of iPhone, and the fact that many companies are handing out Blackberries to their employees has made it very difficult for Palm to get noticed.

Today may be a low point.  Palm released financial numbers that are mediocre at best, and Palm stock took a beating in after hours trading.  But I’m not worried about Palm.

I skimmed their financial numbers and didn’t see a breakdown in their revenue, but Palm finally has close to 2000 apps in their App Catalog.  This growing catalog provides a constant revenue stream for Palm Inc.  Their App Catalog alone should help stabilize their cash flow. [...]