The Mobile Executive

Smartphone Stock Spotlight: Palm Scraped

Stock quotes in this article: PALM , RIMM , AAPL , NOK , MOT  

Updated from 4:53 p.m. EST

Smartphone makers took a beating along with the rest of the tech sector Wednesday.

Palm (PALM Quote), which had enjoyed a brief rally following its debut of the Pre at the Consumer Electronics Show in Las Vegas, got slapped by investors Wednesday, falling 15.1% to $5.29.

BlackBerry maker Research In Motion (RIMM Quote) suffered slightly less, falling 2.5% to $45.10.

iPhone maker Apple (AAPL Quote) closed down 2.7% to $85.33 before shares were halted pending CEO Steve Jobs' announcement that he will take medical leave until June.

Nokia (NOK Quote) was down 5.7% to $13.49, and beleaguered Motorola (MOT Quote) was slipping 4.9% to $4.11.

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This article was written by a staff member of TheStreet.com.




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