Treo 750 delay hurts Palm forecast
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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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Also: Treo troubles trigger Palm plunge. Read these stories and more from around the Web at News.com Extra.
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PalmOne&#39;s updated Treo, the Treo 650, will employ a new processor, have a sharper display and flash memory, as the company continues to improve its flagship product.
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SAN FRANCISCO--Those wanting to get their hands on a Treo 650 this year will need to sign up for service from Sprint PCS. Sprint has cornered the market for this year, scooping up all of PalmOne&#39;s capacity until sometime in 2005.
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Blog: Palm revealed earlier this year that it's working on its own Linux-based version of the venerable Palm OS, but it's not going to arrive until next year.
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Rumors of Treo&#39;s using a Microsoft operating system have been circulating for more than three years. Now an investment bank reports that PalmOne will use a
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Palm's CEO says the company has made a last-minute decision to not ship its Foleo smart phone companion.
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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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(InfoWorld) - Palm will begin sales of the Treo 750v, a Windows Mobile-based 3G (third-generation) smart phone, next month. The handset is the first Windows-based Treo to be offered in Asia. Palm hopes the release of the 750v will boost the company's international sales, said Paul Blinkhorn, Palm's vice president for Asia-Pacific. "We need to replicate the momentum we have in the U.S. in other parts of the world," he said during a Singapore news conference. Priced at S$1,268 ($798) without a contract, the Treo 750v will be sold through Singaporean operator MobileOne. Based on Microsoft's Windows Mobile 5.0 Pocket PC Phone Edition, the 750v supports GSM (Global System for Mobile Communication), GPRS (General Packet Radio Service), and WCDMA (Wideband Code Division Multiple Access) networks. Palm also hopes to offer the 750v in other Asian countries, said Sharon Ee, a spokeswoman for Palm. The 750v offers a 1.3-megapixel camera, 60MB of memory for user files, Bluetooth, a QWERTY keyboard, and a color touchscreen with a resolution of 240 pixels by 240 pixels and support for 65,000 colors. Weighing in at 154 grams, the handset also includes a slot for miniSD (Secure Digital) memory cards. In addition to Asia, the Treo 750v will also be available in Europe next month through Vodafone Group.
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Not dead, just sleeping Palm CEO Ed Colligan has told Brighthand it won't have devices based on its own version of Palm OS until some time in 2008, despite saying two months ago the devices would be available later this year.â¦
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Palm is seeking Treo smartphone users to help test out a new product that is designed for busy professionals that are constantly on the go and are looking for the best in communications tools. The company won't provide many details, but testers will need to be available for the next 3 to 4 weeks.
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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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Palm announced the online availability of its newest Treo today, the 755p. Will this device be a strong opening to 2008 for the company that has recently been faltering?
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Like Hollywood starlets, smartphones are becoming thinner and thinner. The Palm Treo 755p is less than an inch thick and has a 320-pixel-square color touch screen.
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Palm warned that its upcoming earnings report could be weaker than expected.
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Shipments of devices running the Palm OS have declined sharply, researcher says.
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(InfoWorld) - Palm Inc. began taking orders for its Treo 680 smartphone on Wednesday, hoping to expand from its core business customers to a larger market of casual, first-time users. Palm is charging US$399 for the "unlocked" version of the phone, allowing users to subscribe to any carrier, and plans to begin shipping the phones shortly after Dec. 1. One carrier has already announced a plan for the phone -- Cingular Wireless LLC will begin selling the Treo 680 for $199 on Friday. Palm hopes to attract a new demographic by designing the Treo 680 with an internal antenna, making it slimmer than previous models, and offering it in four colors, according to a statement by John Hartnett, Palm's senior vice president of global markets. In another bid for those casual customers, Palm has moved beyond purely business functions, and will offer entertainment applications like the ability to show Flash-based movies such as those seen on the YouTube Web site, and to play MP3 songs through a 30-day trial of Yahoo Inc.'s mobile, digital music service. New users might also appreciate the Google Maps function, which offers personalized driving directions or addresses for nearby restaurants. "Location-based services hold great promise in a wide variety of areas, such as helping friends find each other, helping advertisers more effectively target prospects, and even ensuring that no man ever has to stop for directions again," said Avi Greengart, principal analyst for mobile devices with Current Analysis. As a phone, the Palm OS-based device operates on the GSM (Global System for Mobile Communications), GPRS (General Packet Radio Service) and EDGE (Enhanced Data Rates for GSM Evolution) networks. Palm hopes the Treo 680 will help it to grow beyond its roots in the slow-growing PDA (personal digital assistant) market, and claim a greater share of the burgeoning smartphone industry. Smartphone shipments worldwide grew 75.5 percent to 34.7 million units in the first half of 2006, according to research firm Gartner Inc. In comparison, PDA sales grew only 5.7 percent to 7.4 million units. North America is the only region where PDAs continue to outsell smartphones, so Palm hopes its new product has arrived in U.S. markets in time to catch a wave of people upgrading to the new technology. With only 5 percent of the worldwide market for combined PDA and smartphone markets, Palm needs the Treo 680 to be a financial success in order to compete with its larger rivals. Nokia Corp. is the largest vendor, with 42 percent market share, followed by Research in Motion Ltd. with 6.5 percent and Motorola Inc. with 5.3 percent, according to Gartner. Posting strong sales through the holiday season will be crucial for that plan, as Gartner predicts smartphones sales will continue to rise, totaling 81 million for the full year of 2006. That growth will be fueled by a jump in consumer demand, focused on individual details like fashion and multimedia, according to a statement by Gartner analyst Roberta Cozza. Â