After the hype, a supremely negative take on the prospects of the eagerly awaited Palm Pre smartphone and the company itself from Collins Stewart analyst Ashok Kumar today.
Mr Kumar says his supply-chain checks indicate that “due to multiple hardware and software issues, Palm has dramatically reduced its production orders” with its manufacturing partner. Read more
When I caught up with Bill Hambrecht on Wednesday, he certainly wasn’t overflowing with sympathy for venture capitalists (the NVCA just launched a campaign to counter what it claims are structural obstacles that discourage young companies from seeking a listing on Wall Street, hurting VC returns.)
Asked why there weren’t more IPOs even before the financial crisis took hold, the veteran Silicon Valley financier had this to say: “I think what the [venture capitalists] really don’t like are the valuations.” Read more