Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Mobile

    Palm Reports Loss For Q1, Expects Bleak Q2

    By
    Carmen Nobel
    -
    September 21, 2001
    Share
    Facebook
    Twitter
    Linkedin

      Although it reported this week a fiscal first-quarter loss that was better than what analysts expected, Palm Inc.s future is still bleak, in spite of the introduction of a new device, the m125.

      The handheld leader says the second quarter, historically its strongest, will likely end in a loss as well–despite Palms recent restructuring.

      Earlier in the year, Palm announced that it would be profitable by the end of the year; however, “we now do not expect to obtain this goal in Q2,” said CEO Carl Yankowski, who listed as reasons the faltering economy and the recent terrorist attacks.

      In the first quarter, Palm lost $38.7 million, or 7 cents a share, on revenue of $214 million, excluding charges. During the same quarter last year, Palm had a profit of $23.9 million, or 4 cents a share, on revenue of $401 million, excluding charges.

      Also this week, Palm introduced the m125, which includes a secure digital expansion slot, a Dragonball VZ 33MHz processor and 8MB of RAM. It runs on two AAA batteries and costs $249.

      The company, however, is delaying indefinitely the long-awaited launch of the i705, a wireless device that was supposed to be released by the end of the year.

      “We will not release this product during this holiday season,” Yankowski said, who added, “We remain convinced that wireless will take off.”

      The company also reported that both Motorola Inc. and Nokia Corp. have canceled plans for wireless devices based on the Palm OS.

      Yankowski acknowledged that while Palm remains the leader in handhelds in terms of numbers shipped, the company is losing some sales to hardware manufacturers that license the Palm OS.

      Handspring Inc. this week introduced two additions to its Visor family of handheld devices–the Visor Pro and the Visor Neo, both of which run on a Dragonball VZ processor. The Pro, which includes 16MB of memory, costs $299. The Neo, which includes 8MB of memory, costs $199.

      Carmen Nobel

      MOST POPULAR ARTICLES

      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×