Can Palm, Inc. (PALM) do anything to improve market share?

In January and March Palm, Inc. (NASDAQ:PALM) touched $4.55 a share and managed to recover to $6 both times. Do you know anyone who uses a Palm Treo, better yet, do they plan to use it much longer until they finally buy an iPhone or Blackberry?  For Palm shareholders you just have to ask yourself, why bother? 

First off, the analysts covering Palm have lost faith in the stock, the target prices are in the $5 range:

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Palm shares are down 65% since October 07 and down over 75% since April 2006, the Chart is even more depressing:

So is there any hope?

Not until 2009 when Palm's new Linux product should hit the market, but by that time Apple's (AAPL) iPhone and RIM's (RIMM) Blackberry will run the planet.

So what hope do you have if you buy PALM shares?

Not much.  Maybe someone will buy them, but Carl Icahn already has his money in Motorola (MOT), so that boat has sailed.  Who in their right mind would buy Palm?

Nobody.

Palm lost more than $30 million US in its third quarter, reversing a profit from the previous year. Revenue sank almost 25 percent. On top of that, Palm said it would stop providing guidance for future quarters.  It's over.

Palm founder Jeffrey Hawkins sold 20,000 shares less than a month ago, the guy is not taking any chances.  What does that tell you?  Follow the leader.

Disclaimer: No positions in PALM.