Thursday, October 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook To Change Real-name Policy
CEA Outlines Five Technology Trends In Consumer Technology
Apple CarPlay Update Now Available with Firmware for Pioneer NEX In-Dash Receiver Models
Philips to Appeal $467 Million Patent Infringement Lawsuit
Rovio to Slash 130 Jobs
Toshiba Offers Ultra-small e-MMC Embedded NAND Flash Memory Products
ARM and TSMC Unveil Roadmap for 64-bit ARM-based Processors on 10FinFET Process
LG Brings Its Ultra HD 4K OLED TV To The U.S.
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > Mobiles > Palm St...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 03, 2007
Palm Still Struggling


Palm, Inc. has released the results of its most recent financial quarter. Just as the company had warned investors recently, it did not earn a profit, and doesn't expect to this quarter, either.

Revenue for the June-August period was $360.8 million, of which $302.2 million came from its smartphones.

Net loss for the quarter was $800,000, or 1 cent per share. This compares to net income for the same period last year of $16.5 million, or 16 cents per diluted share.

This is the first unprofitable quarter Palm has had since 2003.

Struggling in a Time of Plenty

At a time when sales of smartphones of all kinds are surging, Palm appears to have been the company most hurt by the introduction of Apple's iPhone.

Many of Palm's competitors, like RIM, concentrate on business users and so saw little effect from Apple's consumer-oriented smartphone. Palm, on the other hand, saw many of its potential customers turn to the iPhone.

Still, 689,000 Treos shipped last quarter, up 21 percent year over year. Palm's smartphone revenue was up 12 percent from the year-ago period.

There can be little doubt Palm realizes it needs new, more competitive products; it spent roughly $12 million more on research and development last quarter than it did during the same quarter of 2006.

Looking Forward

Palm doesn't see things turning around immediately. It said today that revenue during its current financial quarter is expected to be between $370 million and $380 million, leading to a loss of 1 to 3 cents per share.

"As we move toward completing the recapitalization transaction with Elevation Partners, we are excited to strengthen our ability to accelerate Palm's growth in the future," said Ed Colligan, Palm president and CEO.


Previous
Next
OCZ Announces PC Power & Cooling Turbo-Cool 1200 Single-Rail PSU        All News        T-Mobile Shadow soon to be Released
Nokia Completes the Enpocket Acquisition     Mobiles News      T-Mobile Shadow soon to be Released

Get RSS feed Easy Print E-Mail this Message

Related News
NVIDIA Delivers Performance Boost to Linux Gamers
Ubuntu 12.10 Launches Today With Cloud Integration
Skype 4.0 for Linux Released
The Raspberry Pi $25 Linux Computer Goes On Sale
Microsoft Extends Support Lifespan For Windows 7, Vista
New Linux Kernel Improves Performance, Supports More Devices
HP Unveils The TouchPad Slate, The Veer and Pre3 WebOS Smartphones
HP Set to Unveil WebOS Tablet
Palm Releases webOS 2.0 to Developers
HP Completes Palm Acquisition
HP to Acquire Palm for $1.2 Billion
Microsoft Ends Support for Windows Vista RTM

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .