Palm posts loss after product delay
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Palm Inc , the maker of  Treo smartphones, posted a quarterly loss on Tuesday after a  delay of a key new product.
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Motorola Inc said on Wednesday it will  post an operating loss in the current quarter as its cell phone  business is taking longer than expected to turn around, dashing  Wall Street hopes for a profit and sending its shares down as  much as 23 percent.
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The past half-year has been brutal for Palm Inc., which has endured executive churn, restructuring, product delays and investor skepticism.
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it will miss its revenue target for the July-September quarter after it failed to finalize a small number of software sales, resulting in a quarterly net loss of up to $2 million US.
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PalmOne Inc. PLMO.O on Monday swung  to a quarterly profit from a year-earlier loss on a 62 percent  jump in revenue, spurred by solid sales of its Treo 600 mobile  phone and other handheld digital devices.
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The smart phone maker reported a loss in its fiscal second quarter as revenue declined and expenses rose.
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No new PDAs likely - Colligan Palm reported revenue of $355.8m for the quarter ending 1 September, with a slim net income of $16.5m. Measured on a non-GAAP basis, the profit was $21.5m.â¦
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Palm Inc.  cut its  second-quarter profit and revenue forecasts on Monday, blaming  a delay in shipping its new Treo 750 smartphone in the United  States.
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Motorola's mobile-phone business recorded a $138 million loss in the third quarter, with handset revenues declining by 36 percent to $4.5 billion in comparison with the year-earlier period. Nevertheless, Motorola executives remain upbeat about the ailing unit's prospects for returning to profitability, noting that substantial progress has been made during the quarter.
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Palm is still profitable but it can't thrive in the long run, according to a noted industry analyst. So now is a good time for the company to put itself up for sale.
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Palm Inc. warned Wednesday of lower-than-expected revenue for its fiscal first quarter due to a decline in retail shipments of its Treo smart phones.
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Palm, the maker of Treo smart phones, said profit slipped on stock option expenses and slow sales growth amid tougher competition.
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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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(InfoWorld) - Struggling handheld device maker Palm has been hit with layoffs. The layoffs, which occurred Thursday, affected "a small percentage" of Palm's approximately 1,200 employees and were concentrated in the company's development group, according to a company spokesman. They primarily affect Palm employees in the U.S., he added. Palm has seen steady decline in the handheld device market, where it leads the market and is in the midst of financial restructuring. Last week,Â private equity investors Elevation Partners took a 25 percent stake in Palm, investing $325 million into the struggling smartphone maker. The company faces stiff competition in the growing smartphone market, where its Treo line has been a hit. Also, its latest hardware release, theÂ Foleo 'smartphone companion,'Â has garned only a lukewarm response thus far. The Palm spokesman said that the reorganization was in the works prior to the Elevation investment and that the company is still hiring staff in other areas. "We're flattening our organizational hierarchy and doing some realignment," he said. He would not say exactly how many employees were being laid off.
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Motorola Inc  said on Wednesday it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent.
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Company's handset business is in trouble, as it reports heavy losses on slow sales, sending its stock down more than 22 percent in midday trading.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.