Feeds

Handspring sales up 630 per cent

PDAs consumers' Christmas favourites

  • alert
  • submit to reddit

High performance access to file storage

PDA maker Handspring vaulted over Wall Street expectations when it posted its latest quarterly fiscals last night.

The company's loss for the three months to 30 December 2000 narrowed to seven cents a share rather better than the 16 cents a share analysts had been anticipating, at least according to First Call's consensus figure. This time last year, before it IPO'd, Handspring lost 12 cents a share.

During the quarter, Handspring recorded sales up more than 630 per cent year-on-year to $115.62 million (Q2 2000: $15.79 million), which also represents a quarter-on-quarter increase of 64 per cent. The reason for the success? Very brisk Christmas sales, the company said.

Looking ahead, the PDA maker's CFO Bernard Whitney predicted Q3 sales of $117-123 million, which is impressive given the quarter after the Christmas period is usually weaker than the holiday quarter for consumer-oriented companies like Handspring.

Whitney reckons Handspring's loss will shrink only a little further, to six cents a share. The company is looking at a full-year sales total of $560-590 million. ®

Related Story/B>
PalmOS sales to surpass expectations - Bear Stearns

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.