Feeds

PalmOne posts Q4 profit

Upbeat for The Street

  • alert
  • submit to reddit

Boost IT visibility and business value

PalmOne saw its shares jump more than 20 per cent in after-hours trading last night after it beat expectations by posting a profit for the fourth quarter.

For the fourth quarter ended 28 May 2004 the handheld maker made a profit of $13.3m on sales of $267.3m, up 23 per cent from the same period last year. Turnover comfortably outstripped the consensus analyst forecast of $256m.

PalmOne shipped 1.1m Zire, Tungsten and Treo devices in the quarter and about 4.1m in the year - PalmOne has shipped 26.4m devices since launch.

PalmOne chief executive Todd Bradley expressed confidence for fiscal 2005, citing strong demand for its handhelds and smartphones.

PalmOne took on the new name in October 2003 when it acquired Handspring and span off PalmSource, the software side of the business. ®

Related stories

PalmOne blinds Treo smartphone for Sprint
PalmOne blinds Treo smartphone for Sprint
PalmOne overturns Xerox Graffiti patent
HP preps 4 July iPaq launch
PalmOne pledges to boost Treo shipments

Build a business case: developing custom apps

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

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.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.