Palm Inc.’s (PALM) new smartphone, Pixi -- a lighter and cheaper version of the Pre -- can now be bought for just $24.99. Both Wal-Mart (WMT) stores and Amazon.com Inc. (AMZN) have slashed the price of the new Pixi phone by 75% from the original $100 after the Pixi went on sale last week at Sprint Nextel Corp. (S). Amazon has also cut the price of Palm’s Pre to $79 from $99. The price cut may attract consumers in the coming holiday season, however we remain unsure about the future of Palm. Moreover such steep price cuts confirm our view that both the Pre and the Pixi are just not selling in a market crowded by devices such as Apple’s (AAPL) iPhone, Motorola’s (MOT) Droid and Research In Motion’s (RIMM) BlackBerry. Palm’s Pixi and Pre are still available via ...

Palm Inc.’s (PALM) new smartphone called Pixi, a lighter and cheaper version of the Palm Pre will be available via Sprint Nextel Corp. (S) beginning Nov 15 for just $99.99. The phone will come with a two-year contract after a $50 instant rebate and a $100 mail-in rebate. The phone will also be available through Best Buy (BBY), RadioShack (RSH) and Wal-Mart (WMT) stores.   Palm’s Pixi runs on Palm's WebOS. The phone has many features including 8 gigabytes of built-in memory, an exposed QWERTY keyboard and personalization features. However, it does not support Wi-Fi capabilities.   Alhough Palm has priced the Pixi competitively to attract more customers, we remain unsure about the future of Pixi. Amazon (AMZN) currently sells the Pre with a two-year contract at just $99. Sprint started selling the Pre smart phone in June and currently sells it for ...