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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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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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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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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The open-source software Linux is making a bigger dent in China&#39;s ever-galloping mobile phone market. US-based PalmSource, provider of Palm OS, a popular operating system powering
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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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Mobile software provider PalmSource is leaping into a market with a potentially huge upside with the acquisition of China MobileSoft (CMS), and at the same time is giving a big boost to the open source developer commmunity.
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Shares in MCI climb on speculation that rival phone firm Qwest has tabled a $6.3bn takeover offer.
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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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Global shipments of hand-held computers rose 18.4 percent to 17.7 million in 2006, with Research in Motion Ltd.'s BlackBerry showing strong growth, but Palm Inc. suffering a steep decline in sales and market share, Gartner Inc. reported yesterday.
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The news that PalmSource bought China MobileSoft for its knowledge of the exploding Chinese market for mobile devices makes a lot of sense.
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Palm Inc , maker of the Treo smartphone, on Wednesday posted a quarterly revenue estimate that missed expectations as competition increased from rival devices like Apple Inc's  iPhone.
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Palm Inc.'s death knell has been rung over and over &#151; on Wall Street, in headlines, and by a growing number of discontented fans.
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Founder Jeff Hawkins will unveil Palm's new offering at the D: All Things Digital tradeshow on Wednesday.
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Handhelds that use Windows CE hold 48 percent market share worldwide, up from 41 percent a year ago. What's Palm to do?
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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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Plus: Palm's losses continue...Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent.