Feeds

Palm bets the farm on WebOS

Has enough pennies for Pre launch, but no more wiggle room

The Power of One Infographic

Palm has announced it has enough money to launch the Pre, but with a net loss for the last quarter ($98m) bigger than its revenue ($90.6m), there's not much left in the piggybank.

While Palm won’t comment on the company’s burn rate, it’s clear that everything depends on the launch of the new Pre handset - which will come to the US, tied to Sprint, some time soon. The Pre not only has to succeed, but succeed hugely if Palm is really going to spread its WebOS to a range of handsets as predicted by Edward Colligan, Palm’s CEO.

This time last year the company had a revenue of $312 million, on which it managed to lose $57 million, so things are slipping badly and the company is desperatly in need of the boost that the launch of the Pre is expected to provide.

Palm is staying tightlipped on exactly when that's going to happen – much like the London Underground, which found it's much easier to avoid running late if you stop publishing a timetable - but whatever the date is, Mr Colligan is confident the company will hit the deadline.

"I have never had more confidence in Palm's ability to bring a new product to market on time and at scale", he told investors during a call about the quarterly results, as reported by CNet. "Right now we're 100 per cent focused on getting the Pre launched and the Sprint product out the door."

Palm doesn't just have to launch the Pre - it also has to market the device as the next best thing and sell enough to fund more production. To save Palm the Pre has to be successful around the world, which means the already-demonstrated GSM version will have to get into production fast. Palm claims to already be in talks with European network operators, and it seems likely that the amount those operators are prepared to sink into marketing will be an important factor in their selection. ®

The Power of One Infographic

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.