Feeds

The Curse of Bono strikes Palm

Falling sales to blame

Secure remote control for conventional and virtual desktops

Palm has issued a profits warning ahead of its Q1 results, due in full on 1 October. It now expects merely to break even, or report a small loss. A year ago Palm reported a slim profit of $18.2m. However, this time round it expects net income of $3.4-4.4m before adjustments.

Revenue is expected to be between $359m and $361m for the quarter, compared to $358m in the same period last year. However, gross margin is down 36 points.

Sales of smartphones, which account for around $300m of Palm's income, have fallen in the quarter to 685,000-690,000 units - down from 750,000 units in the preceding quarter.

In June, Palm sold 25 per cent of the business to Elevation Partners, the private equity company founded by Bono from U2.

Quite the tech visionary, that boy. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Tim Cook: The classic iPod HAD to DIE, and this is WHY
Apple, er, couldn’t get the parts for HDD models
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Caterham Seven 160 review: The Raspberry Pi of motoring
Back to driving's basics with a joyously legal high
Back to the ... drawing board: 'Hoverboard' will disappoint Marty McFly wannabes
Buzzing board (and some future apps) leave a lot to be desired
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
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.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.