Leave a Comment

Palm: On track to become a historical footnote
Between the Lines — ... PDAs and later the Treo smartphone - was the dominant player in the handheld device business? Today, it’s a completely different landscape. Apple’s iPhone has recently dominated the smartphone space. RIM is making a big push with the launch of consumer-friendly versions of the Blackberry. And Google has now entered the space with its Android operating system and the G1 device for T-Mobile. For Palm, pretty much a minor player these days, the future doesn’t look so hot. Today, the company announced preliminary results for its second quarter 2009, which ended Nov. 28. The short ...

Palm: Fall Sales Horrible, Slashing Costs (PALM)
Silicon Alley Insider — ... Palm's (PALM) fiscal second quarter was so bad they had to tell us about it in advance: The once-hot smartphone maker says sales for the quarter that ended Nov. 28 will be between $190 million to $195 million, 40% below the $331 million that Wall Street expected. ...

Palm CEO Circa 2006: Apple Win in the Smart-Phone Sector? Never Gonna Happen.
Digital Daily — ... After market close Monday, the downtrodden handset maker warned that sales for its fiscal second quarter will come in well below expectations. “We are seeing unprecedented dynamics in the global markets as economic uncertainty hampers demand for consumer products,” Palm CEO Ed Colligan said in a statement. “In order to ensure Palm’s long-term success during these uncertain times, we’re taking several steps to significantly reduce our cost structure.” First among those steps: layoffs — just in time for the holidays. ...