Leave a Comment

Palm: Demand tanks ahead of Pre launch; Pre needs to save the day
Between the Lines — ... third quarter sales will be between $85 million and $90 million. Wall Street was expecting sales of $155 million. While a revenue drop-off was expected when Palm introduced the Pre the rate of decline is a bit stunning. When it comes to Palm’s turnaround it’s clearly going to be worse before the Pre allegedly saves the day. Palm didn’t give an outlook for its third quarter loss, but it’s likely to also be much worse than Wall Street estimates calling for a loss of 46 cents a share. In a statement , Palm said: The revenue declines vs. the company’s second quarter of fiscal year ...

Palm Pre-Announces Q3 Results; Pre Remains On Track For First Half 2009
mocoNews — ... falling demand for its "maturing legacy smartphone product," but that its much-anticipated launch of the Palm Pre "remains on track for the first half of calendar 2009." Palm President and CEO Ed Colligan didn't try to sugar coat the situation. After all, revenues are falling, the company's cash balance is low, and it's banking on a yet-to-be-released phone and operating system—all during a down economy. Colligan: "As expected we've got a difficult transition period to work through…" Release. ...

Palm: You Thought Q2 Was Bad? Get a Load of Q3
Digital Daily — ... In a statement Palm blamed the drop on declining demand for its “maturing legacy smart-phone products” and the souring economy. And the company is clearly banking heavily on the Pre to turn its sullied fortunes around. “The much-anticipated launch of the Palm(R) Pre(TM) remains on track for the first half of calendar year 2009, but as expected we’ve got a difficult transition period to work through,” said CEO Ed Colligan. “Despite the challenging market environment, the extraordinary response to the Palm Pre and the new Palm webOS(TM) ...

Palm announces sales results Q3- cash position needs strengthening [jkOnTheRun]
GigaOM Network — ... Palm addressed their Q3 sales results today and it looks like they can’t get the Pre released fast enough. Their falling financial position has led many to believe that the Palm Pre is a make or break proposition for the smartphone maker and these numbers would bolster that argument. ...

Palm anuncia resultados y espera recuperarse con la Palm Pre
Celularis — ... Palm espera informar los resultados de su tercer trimestre fiscal, terminado el 27 de febrero, el día el 19 de marzo. Alli anunciarían ventas por entre 85 y 90 millones de dólares, muy por debajo de los 155 millones previstos anteriormente. Estos resultados reflejan una clara reducción de la demanda de productos de Palm. ...

Palm Pre Anticipation Keeps Palm Positive as Revenues Dip
eWeek - RSS Feeds — Palm expects third quarter earnings for fiscal year 2009 to dip below those of the second quarter. However, the upcoming release of the eagerly awaited Palm Pre smartphone — which Palm hopes will be its answer to the Apple iPhone and RIM BlackBerry Storm — may bring financial salvation in the end. Palm announced it is expecting revenues between $85 million and $90 million for the third quarter of fiscal year 2009. Palm plans to detail complete financial results for that quarter — which spans the economically souring period of Dec. 1, 2008 through Feb. 28, 2009 — March 19. ...

Palm investor puts his mouth where his money is
VentureBeat — ... Palm is struggling badly as it waits for the launch of the Pre. The company recently announced that its third quarter sales will be well below expectations — sales for the quarter were between $85 million and $90 million while Wall Street was looking for something more like $155 million. Ouch. ...