He takes a lot of time explaining why Palm is dead, but his analysis of the assets falls somewhat flat. Sure, Palm is in a terrible position, but a case can be made for Google, RIM or HTC buying them - Google and HTC could be interested in the patents, RIM could see Palm as a step towards a less business oriented audience. I think it's more a question of finding the right price. Maybe you can't find a buyer at the current market cap of $1B, but what about a price that's closer to book value?

It's an interesting view of a former insider, but the arguments why Palm will go bankrupt don't feel conclusive.