Palm Says Loss Is a Possibility
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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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TechWeb - Treo smartphone maker Palm Inc. could bring a buyer a decade's worth of digital assistant design and mobile phone know-how, but at a hefty price for a company no longer viewed as cutting edge.
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Two pieces of bad news for Palm this week (not that there's been a lot of good news lately): it's going to have to pay out cash rebates on some Treos, and it's closing its retail stores.
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A company representative confirmed that Palm is getting ready to cut jobs, after a report earlier Wednesday that perhaps "hundreds" could be out of work.
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Handheld computer maker Palm Inc.   PALM.O on Thursday said its quarterly profit fell as costs   rose and the company began expensing stock options.
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A company that insures laptops and smartphones may save the day for iPhone owners worried about their pricey handsets getting stolen or damaged.
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Palm Inc.  cut 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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(InfoWorld) - Palm Inc. has lowered its financial forecast for the current quarter because of delays in bringing its latest Treo smartphone to market. Palm on Monday lowered its revenue forecast for its fiscal 2007 second quarter, which ends Dec. 1, to a range of US$390 million to $395 million from an estimate made Sept. 21 of $430 million to $450 million. It also pared its earnings forecast to a range of $0.10 to $0.11 per share from the earlier estimate of $0.15 to $0.18. Not counting special items, the estimate has been trimmed to $0.15 to $0.16 a share, from an earlier $0.20 to $0.23. Although its line of smartphones is selling well and the new Treo 750v introduced in Europe is popular, Palm hasn't been able to get the Treo 750 introduced in the U.S. as planned, according to the company. "Our Q2 FY07 revenue will be constrained by a delay in certification of a key product. We now expect to start shipping the Treo 750 for the U.S. market early in Q3 FY07," Palm President and Chief Executive Officer Ed Colligan said in a prepared statement. Palm (NASDAQ:PALM) waited until the market closed Monday to announce the news. After closing for the day at $15.37, about three hours later its stock had fallen by $0.64 in after-hours trading.
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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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PalmOne&#39;s Tungsten T5 comes with 256MB of flash memory, so you never risk losing your data. If you&#39;re a pack-rat type who likes to keep a lot of data you can&#39;t afford to lose on your personal digital assistant, PalmOne has a handheld for you.
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It may go down in history as a noble experiment that was wisely aborted just prior to perhaps going down in flames: Palm yesterday announced it has decided it won't be launching a little Linux laptop computer after all, devoting its entire marketing efforts instead to what many believe will be a smartphone called Centro to take on the RIM BlackBerry.
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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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Handheld computer maker Palm Inc.   PALM.O on Thursday posted lower first quarter net income as   costs rose and the company began expensing stock options, but   the results topped Wall Street forecasts.
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New Windows Mobile alternative Apple's iPhone is going to hit Palm hard, a US analyst has forecast. Research in Motion's consumer-friendly BlackBerry Curve will harm the PDA pioneer too, Piper Jaffray wireless hardware analyst T Michael Walkley claimed this week.â¦
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Smartphone maker Palm is reportedly consulting with investment bankers about a sale, investment, or other move.
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Treo smartphone maker Palm Inc.   could bring a buyer a decade's worth of digital  assistant design and mobile phone know-how, but at a hefty  price for a company no longer viewed as cutting edge.
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Recent reports that Nokia is in talks to buy Palm surprise some analysts, who nonetheless said some type of buyout might make sense.