Updated from 9:15 a.m.
was down 8.8% in late afternoon after it announced it was slashing prices on its wireless model PDA. The Palm VIIx will now be $199 with a $100 rebate if buyers sign up for the Palm.Net Internet access service, down from $299.
analyst J. To cut Palm's price target to $11 from $25 in response to the rapidly falling prices.
To also sliced the target for Palm's rival,
, to $18 from $28. In late afternoon, Handspring was down 4.6%.