Word: palmful
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...much for the rally. Wednesday, the Dow and NASDAQ hit the skids all over again on three bad earnings tidings: Communications-equipment maker Nortel warned that losses will widen beyond expectations in the current quarter. Disney announced plans to cut 4,000 jobs. And Palm said it will lose money in the first quarter - this after Wall Street dared to expect a profit from the hand-held computer king. Is this a case of one step forward, two steps back - or the other way around? TIME personal finance columnist and Wall Street guru Dan Kadlec explains...
...start to feel good about it, and then some more earnings hit. Wednesday you had Disney's layoffs and Nortel and Palm announcing bad earnings news, and suddenly you realize that there's not gonna be the fast rebound everybody loves to talk about...
...markets rally for two to three days, and everybody gets excited. And then the reality of the slowdown comes back into the picture. And when you get that bad news from Palm, in a hot area like hand-held, and you see that slowing, it hits especially hard. And every bit of information makes you reassess what you thought you knew before...
...There's still a number of investors who are in denial, who think that this company or that is going to thrive despite the slowdown. Palm was one of those. But every warning brings another couple of them off that list, and we get a little closer...
...much. Driver distraction is a leading suspect in about 1 in 4 of the nation's 6.3 million annual motor-vehicle accidents. The newest attention thieves are collectively known as "telematics," a term that encompasses not only cell phones but also onboard navigational systems and personal digital assistants like Palm Pilots, Blackberries and Handsprings. With an estimated 110 million Americans using cell phones and a growing army of PDA owners fetching their e-mail, stock quotes and news reports anytime, anywhere, there is growing alarm that these devices have collectively become as dangerous as a beer-fed teenager behind...