Centro a bright spot in Palm's quarterly results
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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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Microsoft has unseated the Palm system with worldwide sales of more than 1.3 million units over the third quarter of the year, compared with slightly more than 850,000 for the Palm, according to a new report. -The Washington Post
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Growth is returning to the global wireless giant.
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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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Plus: GameStop raises earnings estimates...RIM profits up on expanded customer base...Palm's losses continue.
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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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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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(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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PalmOne Inc.  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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Centro shipments set a company record, but Palm's still having a rough time battling component shortages and getting products out on schedule.
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Many people don&#39;t use a handheld organizer for anything but tracking their calendar appointments and contacts lists. For them, there&#39;s no reason to spend more than $100, in the form of Palm&#39;s Zire 21.
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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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Treo smart-phone 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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A November settlement with Taiwan's Acer helped push PalmSource into the black during the second quarter of its fiscal year, even as shipments of Palm OS-based devices declined compared to the same period last year, the Sunnyvale, California, company said Wednesday.
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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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(InfoWorld) - Palm introduced a smartphone with a new brand aimed at a younger audience on Thursday. The Centro phone will cost $99.99 and initially be available exclusively from Sprint Nextel starting in mid-October. Palm designed the phone to be cheap, small, and simple to use in an effort to expand the smartphone market, said Ed Colligan, Palm's president and CEO, during a webcast news conference at the DigitalLife conference in New York City. In the U.S. this year, he expects that of the 160 million phones sold, just 8 million will be smartphones. The mass market isn't buying smartphones today because they're big, complex, have clunky designs, and are expensive, he said. "This is not an iPhone killer," Colligan said. The iPhone, with its high price tag, appeals to the relatively small existing smartphone market, while Palm is aiming the Centro at the larger feature-phone segment. The Centro should attract people who traditionally would buy a basic feature phone but now want the second generation, he said. "It's small enough that it competes with the standard feature phone, and it gives the full power of essentially a Treo," he said. College students, young professionals, and "CEOs of households" are the types of people Palm designed the Centro for, he said. The phone runs the Palm OS and operates on Sprint's 3G network. It features a touchscreen and a full keyboard and comes loaded with instant messaging applications from Yahoo, AOL, and Windows Messenger. It also includes push e-mail from corporate Microsoft Exchange servers. While sales of Palm's Treo smartphone line have been strong, the company continues to struggle to record profit gains. It faces stiff competition from the entrenched BlackBerry, other Windows Mobile smartphones, and new entrants like the iPhone. Palm recently stumbled by announcingÂ a smartphone companion device, the Foleo, and then deciding toÂ kill the product just before it was due to ship after much industry criticism of the concept. Palm said it plans to resurrect the product in the future. Palm is developing a new operating system that it expects to unveil next year. It currently sells phones based on its existing software as well as Windows Mobile.
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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.