Feeds

Palm posts loss for Q1

The Palm not quicker than the i?

Combat fraud and increase customer satisfaction

Sluggish smartphone sales matched with increased spending made Palm swing a small loss during the first quarter.

In the three months ended August 31, Palm posted a net loss of $841,000, on revenue up 1 per cent to $360.8m. In the same period last year, income was $16.5m on revenue of $355.8m.

Treo sales were at 689,000 units for the quarter, up 21 per cent from a year ago. The smartphones contributed revenue of $302.2m, up 12 year-over-year.

Palm's operating income was a loss of $4.5m, compared with a gain of $23.4m in Q2 07.

Excluding one-time items such as $5.1m in stock-based compensation expenses, $6.6m in restructuring charges and $5m patent acquisition costs, net income would have been $9.7m. Operating costs such as advertising and R&D rose about a quarter from a year ago.

Palm has ramped up product development and marketing as the Treo struggles in fierce competition from rival devices such as the BlackBerry and iPhone. The company also recently killed the Foleo, a sub-notebook "companion" for the Treo before shipping any units to the public.

Palm forecasts Q2 sales of $370m-$380m — short of the $397m average expected by analysts. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.