Feeds

Be Palms $1.135m in Q3 revenue

OS supplier's future to be decided 12 November

  • alert
  • submit to reddit

Reducing security risks from open source software

With Be's anticipated acquisition by Palm casting such a shadow over the operating system developer for the last couple of months, you wouldn't expect the company to have made much money during its most recently completed quarter, and you'd be right - it didn't.

Be's accounts for the three months to 30 September record revenues of $1.135 million, but since that's "primarily attributable" to "revenue-related consulting services" charged to Palm, we're not sure it counts. Nevertheless, it makes Q3 2001 Be's best so far and accounts for 72 per cent of the money the company made during the past nine months.

Charging Palm over a million dollars for its pre-acquisition due diligence is an impressive business model. Essentially, its funding to keep Be running in the period before shareholders meet to decide whether to accept the Be board's recommendation and vote for Palm's acquisition of Be's assets and the liquidation of what's left.

That meeting will take place on 12 November.

Be also reported it lost nine cents a share for the period, down from last quarter's ten cents a share and the year-ago quarter's 12 cents a share. Like the revenue figure, these numbers are essentially meaningless given that Be is likely to be wound down.

Or is it? Be's management is stressing the need to vote for both resolutions - the sale and, separately, the dissolution - which suggests that they fear shareholder apathy will kill the deal. We can't see stakeholders getting much value out of their shares if the Palm deal doesn't go ahead, but enough users are cross about the imminent demise of the Be OS, that they might just try and sabotage the deal.

Perhaps then Palm should decide what it's going to do with BeOS - and say so publicly. Our vote goes to the folk who want to open source it all. ®

Related Link

The official Save BeOS Petition can be found here (though, like us, you may have a job getting onto it)

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.