[jyl]

That's a big nasty cash burn. Wow. Will sell shares bought by the PE firm in the last round. Agreement allows PALM to force sale and PALM keeps proceeds >$3.25/share. Should bring in $50-60MM. So $265-280MM, that is about 2.6 qtrs of cash burn at last qtr's rate. If last qtr's increased burn was indeed due to delayed Treo Pro, maybe future cash burn is less, and they have 5-6 qtrs of cash burn. 5 feels a lot more comfortable than 2. Interestingly, PALM stock is up on the news. Agree, stock is all about the Pre and WebOS. Excluding those, company has no value.