Palm shares fall on outlook as rivals gain share
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Palm Inc , the maker of Treo cell phones, forecast lower-than-expected revenue amid tough competition from Research in Motion Ltd's  Blackberry and Apple Inc's  iPhone, sending its shares tumbling 12 percent on Tuesday.
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By Associated Press  Faced with mounting competition in the smart-phone market, Palm Inc. is selling a quarter of its company to a private equity firm to arm itself with new leadership, most notably the former technical guru behind the iPod.
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Smartphone maker Palm is reportedly consulting with investment bankers about a sale, investment, or other move.
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In a massive popularity shift, of the 2.8 million PDAs that were shipped globally last quarter, Windows Mobile took a 48.1% market share while the Palm OS took a meager 29.
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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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Palm Inc.  posted lower quarterly earnings on Thursday as increasing sales of its Treo smartphones were offset by a downturn in its more profitable handheld computers.
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Needs those new models, sharpish Palm says its most recent quarter's earnings will come in lower than it hoped. The company said revenue for 1H 2007, which it previously stated would come in between $380m and $385m, will fall short, between $354m and $364m.â¦
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Palm Inc. has reached a deal to sell a quarter of the company to Elevation Partners, a private equity firm, for about $325 million as part of a plan to reorganize the company.
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Plus: Palm's losses continue...Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent.
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Palm Inc.  will sell a 25-percent stake to Elevation Partners, a Silicon Valley private equity firm, for $325 million, the Wall Street Journal reported in its online edition on Monday.
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(InfoWorld) - Smartphone maker Palm Inc. is consulting with investment bankers on its strategic options, including the prospect of selling the company, seeking investment from venture capitalists, or making an acquisition of its own, according to a report in the The Wall Street Journal. Beset with growing competition in the smartphone market, Palm is discussing a range of options with bankers at Morgan Stanley, the newspaper reported, citing unnamed sources familiar with the discussions. WidespreadÂ speculation that Palm is likely to be acquired by another company sent the company's shares higher last week, rising nearly 13 percent during the week to close at US$18.30 last Friday. A Palm spokeswoman in Singapore could not immediately be reached for comment on the report. Palm, which sells the popular Treo smartphone, has a loyal customer base but the company faces increasingly tough competition from a range of competitors, such as BlackBerry-maker Research In Motion Ltd. (RIM) and Taiwan's High Tech Computer Corp. (HTC), the world's largest maker of Windows Mobile handsets. HTC sells some of those handsets under its own brands, but most are made under contract for handset vendors and operators, which sell them under their own brands -- often competing head-to-head against the Treo. Analysts last week said a private sale could help Palm, shielding the company from quarterly scrutiny of its numbers and freeing up the company's management to make acquisitions necessary to boost the technology used in its smartphones. Â
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Palm Inc. PALM.O on Thursday   posted a lower quarterly profit as the maker of the Treo   smartphones spent more money to fend off rivals and sales in   retail stores fell short of expectations.
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Record sales, but numbers still down Palm is still losing money, despite the Centro selling in record numbers (for Palm). The company lost $9.6m in the three months to 30 November, on revenues which are down 11 per cent on last year to $349 million.â¦
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Palm used to dominate the market with the best gadget. What went wrong? Mike Elgan gives his views.
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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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Elevated by cash, iPod guru and former Apple CFO Struggling to regain its edge in the smartphone market, Palm has reached an agreement to sell a quarter of the company to a private equity firm and to place a former iPod guru in an executive seat.â¦
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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.