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Palm Says Q2 Revenues Will Disappoint; Is Cutting Quarterly Expenses By $20 Million
mocoNews — ... ), consolidating its European operations, and shifting responsibility for Asia Pacific sales, marketing and administrative support to its U.S. offices. Restructuring charges of up to $9 million will be recorded in the second quarter, and the company expects that by the fourth quarter, these actions will reduce quarterly operating expenses by about $20 million. Release. ...

Palm Says FY Q2 Revs Come Up Dramatically Short
WSJ.com: Tech Trader Daily — ... This afternoon, the company warned that it expects to report revenue for its fiscal second quarter ended November 28 of $190 million to $200 million, dramatically short of the Street consensus of $330.8 million. Palm said the shortfall was due to “reduced demand for maturing smartphone and handheld products.” Palm said that while it had expected those factors to pressure results in the November and February quarters, “the difficult economic environment has greatly intensified the negative impact on product sales.” ...

Palm needs a hand as Q2 revenues see drastic decline
Boy Genius Report — Things are not looking good for Palm as it continues to slide into dangerous territory amidst harsh economic times. The handset manufacturer announced imminent layoffs earlier this month and now it has released preliminary financial results for Q2 of the fiscal year 2009 which are abysmal at best. Palm’s revenue in Q2 looks as though it will come in just north of $190 million, an astounding 50+ percent drop off from Q1 in which the company took in $370 million in revenues. A statement from Ed Colligan, Palm’s president and CEO: ...