Palm Revenues Affected by Treo 750 Delay
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Company has revised its financial forecasts for the current quarter.
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Cut down Treo Palm has, as expected, announced its Centro smartphone with US carrier Sprint, though the new-design handset won't go on sale until the middle of October.â¦
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Motorola Inc  on Wednesday forecast a second-quarter loss and lower revenue and said it no longer expects its mobile device business to be profitable for the full year 2007, blaming weak sales of cell phones in Asia and Europe.
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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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Shipments of devices running the Palm OS have declined sharply, researcher says.
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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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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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Shares in Virgin Mobile fell back below July's float price on Tuesday as analysts and investors interpreted a trading update from the company as a surprise revenue warning.
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Handheld computer maker palmOne Inc.  PLMO.O on Monday posted a quarterly profit, versus a loss a  year earlier, on stronger revenue spurred by solid sales of its  Treo 600 mobile phone and other digital devices.
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Handheld computer maker palmOne on Monday posted a quarterly profit, versus a loss a year earlier, on stronger revenue spurred by solid sales of its Treo 600 mobile phone and other digital devices.
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(InfoWorld) - Details of Palm's new smartphone are emerging ahead of the product's launch on Wednesday. According to details of a scanned advertisement from the Dutch subsidiary of The Phone Shop, which has appeared on numerous blogs, the product is called Palm Treo 500, itÂ uses a standard version of Microsoft's Windows Mobile 6.0 operating system, runs on 3G (third-generation) mobile phone networks, and will be sold byÂ Vodafone Group. Vodafone had an exclusive agreement for theÂ Palm Treo 750v. A source familiar with the launch confirmed details in the ad, including the name of the product, OS, and Vodafone as a carrier partner, but declined to provide further details ahead of the launch. The Treo 500 appears to be targeted at the consumer market and is equipped with the Windows Mobile 6 Standard OS, which doesn't support touch-screen functionality. The lack of this feature and possibly some others could mean that the new smartphone will be priced lower than the Palm Treo 750v, which at â¬500 ($689) has been targeted at business users. In an interview on Monday, Jens Schulte-Bokum, head of the global terminal division at Vodafone, declined to comment on whether Vodafone planned to offer the new Palm smartphone in addition to the Palm Treo 750v, saying only that the operator is "still in discussions with Palm to refresh that lineup." Â
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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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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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Palm joined Verizon Wireless in announcing on Monday the availability of the Treo 755p smartphone through that carrier. While not the breakthrough product that some had been hoping for, the 755p refreshes the Treo line for Verizon.
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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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Mobile-device makers are coming under scrutiny as traders brace for earnings reports next week.
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Motorola&#39;s mobile-phone business continued to lose its signal in the fourth quarter, dragging the company&#39;s revenue and profit down.