Feeds

The Curse of Bono strikes Palm

Falling sales to blame

The Power of One Brief: Top reasons to choose HP BladeSystem

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. ®

Using blade systems to cut costs and sharpen efficiencies

More from The Register

next story
Report: American tech firms charge Britons a thumping nationality tax
Without representation, too. Time for a Boston (Lincs) Macbook Party?
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Child diagnosed as allergic to iPad
Apple's fondleslab is the tablet dermatitis sufferers won't want to take
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.