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Politics : Sioux Nation

DJT 16.12

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10:41 AM EST

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To: stockman_scott who wrote (156692)	12/22/2008 8:17:50 PM
From: blind-geezer	of 361718

seekingalpha.com Canaccord Adams analyst Peter Misek is less confident of the cash cushion and says the deal sends “mixed messages.” He says that while Palm burned through $23 million last quarter and management last week told investors its cash position is sufficient to navigate a deteriorating economy, “We believe the proposed financing may foreshadow a material cash burn over the next few quarters.” The cash burn rate could rise to $40 million to $50 million per quarter, he writes. Misek has a “Sell” rating on the stock and price target of zero.

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