Palm Shuts Down Seven out of Eight Retail Stores

Palm really has fallen upon hard times as it announces shutting down seven out of their eight retail stores. Only their Sunnyvale, California branch will remain open. Aside from shutting down their retail stores, Palm also announced shutting down 26 Airport Wireless stores. Palm has taken a beating from competitors as of late. Their lack of OS updates only adds to their predicament. Furthermore, customers who bought the Treo 600 or 650 have eligible for replacements due a class-action suit, still adding to Palm's current crisis. It's heartbreaking for old Palm fans to see this unfold. But it'll equally interesting to see how Palm will take the projected $320 million losses by this quarter.