As I noted here PALM was a screwy trade for me. I am glad I got out. I really want to see what is going to happen to the IV. I am glad I am out of that position ( with a profit no less )

My favorite commentary was here

The deal looks like a loser. Palm gets to add $400 million in debt, gets no new strategic partner, and adds a few people who have as their claim to fame being fomer managers at Apple.

This deal is a loser. Just because you worked at AAPL doesn’t mean you are Steve Jobs. Now if Steve Jobs was on the board……. But really, can Jon Rubinstein, Apple’s former head of hardware save PALM ? I think not. I cannot see any value to this thing.

If you are long, a 50% one time dividend is nice.

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This entry was posted on Monday, June 4th, 2007 at 7:28 pm and is filed under Squid Options.