Higher Revenues for PalmSource, but No Profits
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PalmSource today reported the results of its most recent financial quarter. Revenue was up slightly, but still not enough to make the company profitable.
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PalmSource is to create a new version of the Palm OS with Linux at its core, the company said today after announcing a plan to buy Chinese phone software company China MobileSoft (CMS&#39;).
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Earnings are up, but sagging revenues are more annoying than static.
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SUNNYVALE, Calif., Dec. 8 /PRNewswire-FirstCall/ -- PalmSource, Inc. (NASDAQ:PSRC), provider of Palm OS(R), a leading operating system powering next generation mobile devices and smartphones today announced
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The following is a verbatim copy of a open letter to the Linux community issued by PalmSource. Read on for more information about the new acquisition and FAQs about how PalmSource will use the new resources and the new Palm OS Cobalt version of Linux.
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PalmSource has bought mobile phone software developer China MobileSoft with a view to developing a version of Palm OS Cobalt that will run on Linux in mobile devices.
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Handheld computer maker palmOne Inc.  PLMO.O reported on Thursday that quarterly profit surged  nearly 10-fold on increased sales of newly introduced mobile  devices, but the outlook was not as rosy.
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PeopleSoft reported a profit and rising revenue Thursday, as the Pleasanton software company sought to steady its footing after several setbacks in its fight against rival Oracle's &#36;7.7 billion hostile takeover bid.
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Facing increasing competition in the smartphone market, Palm Inc. said Wednesday that it might see a small loss in its fiscal first quarter.
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PalmSource surprised the mobile vendor community today with the announcement that it will acquire China MobileSoft (CMS), ostensibly to leverage that company's expertise in building a mobile version of the Linux operating system.
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Handheld computer and phone maker  Palm Inc.  on Thursday posted a higher quarterly profit  driven by sales of its Treo mobile phones, but issued a revenue  forecast that was below Wall Street estimates and shares fell 8  percent.
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Palm's troubles continued on Thursday as the company posted a profit of $15.4 million for the fourth quarter, a 44 percent drop from its $27.2 million mark one year earlier, despite strong sales of its Treo smartphone.
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PalmSource, a maker of software for mobile devices, named Jean-Louis Gassee as its chairman on Tuesday. Gassee, a general partner with venture capital firm Allegis Capital, was previously the president and CEO of Computer Access Technology and of Be.
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Is this a joke or is it a misleading headline? The answer is neither. It&#39;s for real. PalmOne, the handheld manufacturers as opposed to PalmSource, the operating system company, signed a licensing agreement
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PalmOne Inc. (PLMO.O: Quote, Profile, Research) on Monday swung to a profit in its first quarter from a year-earlier loss on a 62 percent jump in revenue, spurred by solid sales
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Eric Benhamou will resign as chairman of PalmSource Inc. on Oct. 28, the company announced Friday. The company said it expects he will continue in his role as chairman of sister company PalmOne Inc.
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(InfoWorld) - One of the main attractions of Palm's business was its software expertise, according to private-equity firm Elevation Partners, which plans toÂ acquire about 25 percent of the struggling mobile device maker. Ending speculation that Palm would be gobbled up by mobile phone vendors Motorola or Nokia, Elevation said Monday it would pay $325 million to buy approximately one quarter of Palm's shares. Subject to shareholder approval and other closing conditions, the deal is due to be completed in the third quarter of this year. Elevation has been looking closely at Palm for the last six to seven months, said Roger McNamee, a managing director and cofounder of the private-equity company. He believes limits are being reached in hardware design for mobile devices with a sense that the devices can't be shrunk any further without losing the functionality customers expect. McNamee admitted that Palm had been out of sync with developments occurring in the mobile hardware device market. "They'll close that gap relatively soon, then the game will be all about software," he said. "Software is where this company [Palm] truly excels." The company has struggled in the face of strong competition from Motorola and Nokia with their smartphones and has found it hard to sell its products to corporations hooked on Research In Motion's BlackBerry devices. At the same time, Palm anticipates that more and more people will access the Internet from mobile devices. "We're incredibly well positioned to pursue that opportunity," said Ed Colligan, Palm president and CEO. "We have a broad range of software efforts underway here. Software is the battleground of the future." Palm continues to design systems infrastructure, applications, and services, which it's extending into different form factors, including its newÂ Foleo handheld computer, he added. Once the deal closes, McNamee is set to join Palm's board of directors along with his colleague at Elevation, Fred Anderson, Apple's former CFO. The debut of Apple's iPhone, the company's first ever cell phone, due out June 29, will benefit Palm, McNamee said. "We've every reason to believe that the iPhone will be incredibly successful," he added. "It's a chance to bring software to the fore. Palm has a long tradition of great user interface design." Elevation's investment in Palm is all about providing the vendor with better resources to execute on its current product road map, McNamee said, to both retain its current employees and attract new talent. The investment will also enable Palm to continue making small acquisitions, Colligan added, with the company expecting to have more than $300 million in cash on its balance sheet once the Elevation deal closes. Palm and Elevation are pinning their hopes for positive changes to Palm's development processes on a third new board member, Jon Rubinstein, who will join Palm as its executive chairman. They're looking forward to the combination of Rubinstein and Palm's founder and current technical guru Jeff Hawkins. While Rubinstein helped in the creation of Apple's iPod music player and iMac computer, Hawkins pioneered both the first handheld and smartphone devices. "It's a team that can't be beat," McNamee said. Colligan added that while Hawkins has a good feel for the "next big thing" in technology, Rubinstein is very strong on the execution of product development.