Palm speculation builds as its share price rises
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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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Palm Inc., whose Treo smart phone is facing increasing competition from Apple Inc., Nokia Corp. and other offerings, said Wednesday it may see a small loss or break even in its fiscal first quarter.
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Shares of Sprint Nextel Corp   rose over 3.5 percent on Friday as investors reacted to market  speculation the No. 3 U.S. mobile service could be sold to  Britain&#39;s BT Group , but analysts were skeptical.
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Palm stockholders have approved a 25 percent equity stake investment from Elevation Partners, a venture capital firm led by former Apple CFO Fred Anderson.
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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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SUNNYVALE, Calif. -- Smartphone maker Palm Inc. will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, the company said Monday, and announced that the former technical guru behind the iPod will become chairman.
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Shares in media group Emap   jumped on Monday on speculative interest as some investors took  the view that a counter-bidder may pitch for the company's  specialist publishing and conferences assets.
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On Wednesday, mobile device maker Palm demonstrated the fruits of a secret project that one of Palm&#39;s founders, Jeff Hawkins, had been working on. Palm&#39;s new Foleo is a Linux-powered, laptop-like device that serves as a companion to smartphones. Analysts and observers have started to weigh in with their opinions, and many are less than raves.
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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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- Palm Inc.  said it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, and use the proceeds along with the cash on hand and new debt to pay $9 in cash to stockholders.
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PalmOne (nasdaq: PLMO - news - people ) report fiscal first-quarter results well above analysts&#39; estimates. The maker of handheld computers reported revenue of $273 million and earnings of 43 cents per share
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Palm sells 25% of its business AND brings in the man behind the iPod. Should investors buy Palm?
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Palm OS developer PalmSource Wednesday reported a profitable quarter on increased sales compared to the same quarter a year ago. By Mobile Pipeline News.
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Share price of Telekom Malaysia Bhd rose more than 1.7% or 20 sen to RM11.80 on Dec 10 after winning the bid for Indonesia&#39;s third-largest mobile phone operator PT Excelcomindo Pratama.
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Company ramps up to increase production as demand for new handheld exceeds expectations.
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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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(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.