Palm announces larger than expected Q3 losses
Remember all of that good news surrounding the success of the Palm Centro? It looks like we may have jumped the gun with the congratulatory statements. Palm has just announced an amendment to their Q3 earnings report for the period ending on February 28th, and things are not looking good for the embattled company. Their initial estimates indicated a $31.5 million loss, which isn’t great. Unfortunately the bad news gets worse, as a newly revised Q3 statement indicates losses totaling roughly $57 million. Oh dear. These sinking numbers should be viewed in contrast with the same period last year, which actually saw a profit of $11.8 million. Palm is attributing much of the loss increase to the falling American securities and credit market. Another casualty of a rapidly sinking economy, and unquestionably bad news for Palm. Then again, perhaps their fortunes could be reversed by releasing a small mobile companion notebook…oh wait.
On Apr 8, 2008 @ 7:44 am, bluehorseshoe Said:
They are idiots. One bad move after another. A rusty operating system, notebook companion, and the same design for years until the recent Centro. If they fell off the map, I don’t think anyone would miss them. It’s a shame. Oh, and the best part is blaming the current economy and credit market. That’s just too funny!
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On Apr 8, 2008 @ 8:44 am, ppcmd Said:
I have to agree with that last comment, the Foleo was ahead of the curve on Apple and unfortunately Palm backed down when the blogosphere (Engadget) went after Palm. It is funny how Apple can rip off Palm and be the darlings in that story. Sad, jist sad.
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On Apr 8, 2008 @ 9:01 am, Randy Said:
What we are witnessing here is a company in it’s death-throes. R.I.P Palm. Your I.P. will live on in someone else’s product(s).
As for the Foleo, that was a solution looking for a problem. The whole point of technology is to make standalone devices more functional the Foleo would have been a step backwards by adding a needless dependency.
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On Apr 8, 2008 @ 9:06 am, tim yar Said:
I have a centro I hate it no java nowear to download java I need windows mobile its all about being open
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On Apr 8, 2008 @ 10:27 am, Galvatron Said:
in my neck of the woods we hav a saying that fits the foleo let alone pam very well BASS ACWARDS
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On Apr 8, 2008 @ 10:30 am, argonnj Said:
Palm’s problem was they forgot what made them big, the Treo device. They let it stagnate too long and now they are paying the price.
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On Apr 8, 2008 @ 11:13 am, Brian Bollinger Said:
Apple ripped off Palm. That has to be one of the most ridiculous comments I’ve read all year!
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On Apr 8, 2008 @ 1:42 pm, NuShrike Said:
See this HTC? This is what will happen to you if you continue to give customers the bird.
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On Apr 8, 2008 @ 4:54 pm, zac Said:
How the fuck is windows mobile “open” ?
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On Apr 8, 2008 @ 7:03 pm, tim yar Said:
I don’t like bad words fuck ass zac u can do more on windows mobile than u can on palm os
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On Apr 8, 2008 @ 10:36 pm, Jeff B. Said:
There are certain moments that you are allowed to say this, but…ROFL!!! YOU SUCK PALM!!!
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On Apr 9, 2008 @ 6:48 pm, NuShrike Said:
Do it Palm, do the Motorola! Oh ya! Or is it the other way around?
Should I care anymore about a company that was already left in the dust by the time Sony left its market?
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On May 2, 2008 @ 1:46 am, Talker Said:
I totally do agreed and think that Palm has created for wat they end up today, included their poor update on Palm (actually the best) PDA OS, THEN those problematic bug in Treo that they never wish to fix, poor customer support…now they pay their price, after for 10 years as Palm user, i finally switching to Blackberry, which i am so happy i no longer dominated by their Palm OS…yes, indeed, people will only feel good to see one stupid company fall like this, just like Yahoo…Yahoo is nothing but stupid, they fall people will happy.
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