Will Palm shares be worthless within 12 months?

Palm has been in trouble for some time now, the handset maker had hoped that the Pre smartphone would be able to save the company, but this did not happen. The last earning reports were very poor for Palm, so much so that Wall Street analyst believes that within 12 months the shares will be worthless.

According to Mashable, Palm’s revenue has tripled this past quarter compared to the previous year, but from all the handsets that were shipped to stores, only half of them sold. Palm has since announced an estimate of what they think their shares will be worth by the next quarter, which is half.

Both the Palm Pre and Pixi were only available on Sprint on release; they have since been launched on Verizon. If both handsets had been made available on Verizon from the start, then we would not be talking about Palm’s shares being worthless in a year’s time.

Do you think Palm will be able to work through these troubling times?