Palm earnings beat Wall Street target, shares rise
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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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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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U.S. stocks were little changed on Thursday after cell phone maker Nokia Corp.  raised its earnings forecast and weekly jobless claims fell more than Wall Street's forecast.
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Wall Street stocks rose Thursday as National Semiconductor Corp.&#39;s strong earnings results soothed investors&#39; worries over higher jobless rate and rising oil prices.
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Business software maker Oracle  Corp.  posted a profit on Tuesday that topped Wall  Street estimates and forecast solid growth this quarter, and  its shares rose 9 percent to their highest level in four years.
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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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By George Chamberlin , Daily Transcript Financial Correspondent. Stock prices moved sharply higher Wednesday, pushed by a strong earnings report from Hewlett-Packard and a blockbuster deal in the retailing sector.
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U.S. stocks ended higher for a second  session in a row on Wednesday, lifted by  better-than-expected  earnings from companies including Texas Instruments Inc.  TXN.N and a drop in crude oil prices.
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Technology stocks ended higher on Thursday after mobile phone maker Nokia raised its earnings forecast, but blue chips closed fell as oil prices climbed almost $2 a barrel, increasing concerns about future corporate profits.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Palm Inc.'s financial future looked a little more secure Monday as private-equity firm Elevation Partners said it will pump US$325 million into the mobile device manufacturer.
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Stocks rose on Thursday, with technology shares gaining after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc .
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Oracle Corp., posted a gain in fiscal second-quarter earnings Monday that beat Wall Street forecasts. The report was released three days earlier than originally scheduled because the
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Plus: Adobe strong despite drop...Linux demand lifts Red Hat profit...Strong sales of phones, other gadgets boost PalmOne profit.
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Hewlett-Packard Co  on  Tuesday reported higher-than-expected quarterly earnings and  forecast results ahead of Wall Street targets as it sold more  PCs and server computers, sending its shares up 6 percent.
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Motorola Inc.  on Tuesday said quarterly earnings rose 34 percent, beating Wall Street expectations, as it regained global market share in wireless handsets amid robust sales of its most advanced phones.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The companyâs stock soared.