Palm Posts First Quarter Loss

Palm ended its first financial one-fourth for 2008 last August 31, reporting a $ 0.8 million network loss last October 1. This is a large faux pas in public presentation for the mobile telephone company. Palm reported a nett income of $ 16.5 million for the same time period last year.

Palm have been losing the Smart Telephone marketplace to other rivals such as as Apple which released the much-coveted iPhone just earlier this year. The company is also facing tough competition from regular mobile telephone shapers such as as Nokia, Motorola and Samsung, companies who are in melody with the pulsation of their markets, releasing new theoretical accounts packed with characteristics quarterly.

The company is expecting a loss $1.1 million to $ 3.2 million on GAAP for the 2nd quarter. This translates to a loss of $0.03 to $0.01 per share on the 2nd one-fourth based on GAAP. Still developments in the company as well as new merchandise releases should assist bend the company's profitableness around. In an attempt to increase company profits, Palm released the Centro and the Treo 500v. Both mobile telephones are designed to turn to the demands of the regular mobile users. The two mobile telephones will vie against regular mobile telephones and not against smart phones. Palm have always targeted the concern crowd and this is the first clip it is releasing mobile telephones for other markets. The characteristics and the terms points of the Palm Centro should be appealing to consumers who desire to acquire more than from their mobile telephones but make not necessitate the applications and the terms tag that come up with the Smart phones. The two theoretical accounts will effectively unfastened up new marketplaces for the company which have traditionally been serving the concern and high-end markets.

The Centro is a mobile telephone designed with a full Querty keyboard but come ups in a littler word form factor than the Treo phones. It also have a 1.3 megapixel camera, 3-G web entree and a touching screen. The Treo 500v have instantaneous messaging, electronic mail and web access. Although this telephone is a Treo, it is geared towards students, female parents and other people who are not willing to pass on the other versions of Treo.

The Centro come ups with a 2-year subscription to Dash Nextel Corp. and is being sold for $ 99.99 devising it in direct competition with mobile telephones from Samsung and Research in Movement Ltd. The Palm Treo 500v was launched with Vodafone.

Aside from the expected net income from the launch of the Treo 500v and the Centro, Palm also anticipates better company public presentation as it finishes its partial buyout of Elevation Partners, a private equity firm. The partnership will ensue in the recapitalization of $325 million from the house with a 25% stake. The strategical partnership will be completed before the end of October. Other relatively new developments in the company include the release of Treos loaded with Windows OS. The company also shelved the Palm Feleo, a Linux-based smart telephone comrade that characteristics a full-sized keyboard and a 10-inch screen. The Feleo was supposed to be released in the center of this twelvemonth but Palm instead decided to concentrate on gap new marketplaces and expanding their range with the two improvers to their mobile phones- the Treo and the Centro.