Skip to comments.Palm Losses Widen
Posted on 12/18/2007 8:08:17 PM PST by SunkenCiv
Palm Inc. swung to a loss in the fiscal second quarter, failing to meet Wall Street expectations amid withering competition from consumer electronics rivals. The maker of the Treo smart-phone said Tuesday it lost $9.63 million, or 9 cents per share, on revenue of $349.63 million in the three months ended Nov. 30. In the year-ago period, Palm earned $12.77 million, or 12 cents per share, on revenue of $392.91 million. Excluding one-time items such as stock-based compensation expenses and nearly $1 million in restructuring charges, the Sunnyvale-based company said it would have lost $7.84 million, or 7 cents per share... Palm also announced it expected to lose $30 million to $33 million, or 31 to 33 cents per share, on revenue of $310 million to $320 million in the current quarter. On an adjusted basis, it expects to lose $7 million to $10 million, or 14 to 16 cents per share... Palm has battled increased competition over the past year - most notably from Apple Inc.'s foray in late June into the smart phone market with its iPhone... In October, the company completed a deal to sell a 27 percent stake of to private equity firm Elevation Partners and pay a special $9-per-share dividend to shareholders... In September, Palm debuted a slimmer, lighter, cheaper smart phone, the Centro. The new model became available in October through Sprint Nextel Corp. for $100 with a two-year service plan and is expected to be available soon from other carriers as well.
(Excerpt) Read more at physorg.com ...
Palm 680 Smartphone is seen on display at a Palm Store in Palo Alto, Calif., Monday, Dec. 17, 2007. Palm Inc. reports its fiscal second-quarter earnings on Tuesday. (AP Photo/Paul Sakuma)
iPhone has left Palm in the dust - like everyone else, it needs a big product breakthrough to get back into the game.
I seem to recall from a while back some outsider advice to the effect that Apple should have hired Palm to develop, co-develop, or license a mobile OS. :’)
Apple’s iPhone Outsells Blackberry, Palm
Posted on 09/04/2007 1:44:36 PM EDT by NaturalGorilla
Palm Pilot question.
me | 10-12-07
Posted on 10/12/2007 10:16:16 PM EDT by LouAvul
Probably just some differentiation, along with some kind of minor advantages over similar products, and survival until Apple builds the market into something huge; even a small piece of a much larger market will mean some real money. :’)
Not, perhaps, unlike what Apple did with the digital music player market.
Yeah, exactly. The first time I heard of mp3 was sometime in the 1990s I guess. The Rio player came out sometime shortly thereafter, along with a bunch of others. Then the iPod swooped down and kicked the hell out of everyone else with a line of products integrated with a licensed online music store. That was analogous to what happened when the IBM-PC came out.
The Newton was a PDA, but the technology just wasn’t quite there at that time, and it wasn’t all that compact; other players (including Palm) had a smaller and better product. Now that Apple is reentering that market, I’m sure it will do so in a circumspect way, with a bailin’-out plan already cooked up if it doesn’t work.
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