Feeds

Palm feels the heat in Q1

No new PDAs likely - Colligan

Website security in corporate America

Palm reported revenue of $355.8m for the quarter ending 1 September, with a slim net income of $16.5m. Measured on a non-GAAP basis, the profit was $21.5m.

Revenue rose four per cent from a year ago, but was down 12 per cent sequentially. Palm had earlier warned that revenue would be lower than it originally expected, in the $380m to $385m range.

Palm sold 569,000 Treos and 490,000 PDAs in the quarter, generating $269m and $87m worth of revenue respectively.

CEO Ed Colligan blamed the sales shortfall on greater competition in the retail channel. The US business has been a two horse race until this summer, with RIM and Palm taking the lion's share; Motorola's Q and Nokia's E62 (a rebadged E61 without the Wi-Fi) have changed that.

Colligan said Palm would be introducing a low cost model, priced below $299, for "the very new future". A device codenamed Nitro appeared on Cingular documents earlier this year, Engadget reported.

Adding to the belief that Palm may have released its last ever PDA, Colligan dampened expectations for new handheld models for the Christmas season.

Palm said it expects revenue of between $430m and $450m for Q2 2006.

In an effort to bolster its share price, the company also announced that it's spending almost half of its cash hoard buying back stock. Palm will spend $250m on the buyback program. It ended Q4 2005 with $527.9m in cash. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.