http://www.thestandard.com/node/108731/comments comments feed. en http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row <!--paging_filter--><p><!--paging_filter--> <p><!--paging_filter--> </p> <p><img src="/sites/thestandard.com/files/u4993/Palm_logo.jpg" alt="Palm logo image" align="left" border="0" height="95" hspace="10" vspace="10" width="99" />Palm, Inc. released their fourth quarter report yesterday after market close, and their loss was even wider than estimates had anticipated, according to <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a_Ai5ZGBiJFM&amp;refer=news">Bloomberg</a>. Palm reported losses of 40 cents a share, for a total of $43.4 million. Some of that loss was due to stock-based compensation, but even taking that out of the equation, the loss would still be 22 cents a share. Estimates had Palm's losses at 18 cents a share, and Palm's reported sales also missed the projections, leading to a 3.4 percent drop in share price.</p> <p>What happened? Palm has showed losses in four straight quarters now. Even with Blackberry repositioning to compete with the iPhone with the <a href="http://www.betanews.com/article/RIM_denies_delays_for_its_3G_BlackBerry_Bold_phone/1214493987">upcoming Bold</a>, Palm is still trailing as the third-ranked smartphone manufacturer behind Research in Motion and Apple. During RIM's conference call this week, RIM co-CEO and Director James L. Balsille confimed that the Bold will be released this summer, contrary to rumors.</p> <p>The once-desired Treo is showing sales lags at seven years old, and Palm's Centro has done well, but not well enough. Palm has cut staff and closed retail stores, and CEO Ed Colligan said that new Treo models will be introduced in coming months. Palm can only hope this will be enough to compete with the imminent release of the iPhone 3G as well as the Bold.</p> <p><b>More news, commentary, and predictions from <i>The Industry Standard</i>:</b></p> <ul> <li>Prediction: <b><a href="/predictions/suggestions/palm-stock-dips-below-4-50-end-august-2008">PALM stock dips below $4.50 by end of August 2008</a></b></li> <li>News: <b><a href="/news/2008/06/24/cellspin-adds-palm-its-mobile-blogging-platform">CellSpin adds Palm to its mobile blogging platform</a></b></li> <li>News: <b><a href="/news/2008/06/26/rim-maintains-blazing-growth">RIM maintains blazing growth</a></b></li> </ul> http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row#comments Business &amp; Finance co:Palm co:RIM The Industry Standard Thu, 26 Jun 2008 20:07:56 -0700 Cyndy Aleo-Carreira 108731 at http://www.thestandard.com http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row <!--paging_filter--><p><!--paging_filter--> <p><!--paging_filter--> </p> <p><img src="/sites/thestandard.com/files/u4993/Palm_logo.jpg" alt="Palm logo image" align="left" border="0" height="95" hspace="10" vspace="10" width="99" />Palm, Inc. released their fourth quarter report yesterday after market close, and their loss was even wider than estimates had anticipated, according to <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a_Ai5ZGBiJFM&amp;refer=news">Bloomberg</a>. Palm reported losses of 40 cents a share, for a total of $43.4 million. Some of that loss was due to stock-based compensation, but even taking that out of the equation, the loss would still be 22 cents a share. Estimates had Palm's losses at 18 cents a share, and Palm's reported sales also missed the projections, leading to a 3.4 percent drop in share price.</p> <p>What happened? Palm has showed losses in four straight quarters now. Even with Blackberry repositioning to compete with the iPhone with the <a href="http://www.betanews.com/article/RIM_denies_delays_for_its_3G_BlackBerry_Bold_phone/1214493987">upcoming Bold</a>, Palm is still trailing as the third-ranked smartphone manufacturer behind Research in Motion and Apple. During RIM's conference call this week, RIM co-CEO and Director James L. Balsille confimed that the Bold will be released this summer, contrary to rumors.</p> <p>The once-desired Treo is showing sales lags at seven years old, and Palm's Centro has done well, but not well enough. Palm has cut staff and closed retail stores, and CEO Ed Colligan said that new Treo models will be introduced in coming months. Palm can only hope this will be enough to compete with the imminent release of the iPhone 3G as well as the Bold.</p> <p><b>More news, commentary, and predictions from <i>The Industry Standard</i>:</b></p> <ul> <li>Prediction: <b><a href="/predictions/suggestions/palm-stock-dips-below-4-50-end-august-2008">PALM stock dips below $4.50 by end of August 2008</a></b></li> <li>News: <b><a href="/news/2008/06/24/cellspin-adds-palm-its-mobile-blogging-platform">CellSpin adds Palm to its mobile blogging platform</a></b></li> <li>News: <b><a href="/news/2008/06/26/rim-maintains-blazing-growth">RIM maintains blazing growth</a></b></li> </ul> http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row#comments Business &amp; Finance co:Palm co:RIM The Industry Standard Thu, 26 Jun 2008 20:07:56 -0700 Cyndy Aleo-Carreira 108731 at http://www.thestandard.com http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row <!--paging_filter--><p><!--paging_filter--> <p><!--paging_filter--> </p> <p><img src="/sites/thestandard.com/files/u4993/Palm_logo.jpg" alt="Palm logo image" align="left" border="0" height="95" hspace="10" vspace="10" width="99" />Palm, Inc. released their fourth quarter report yesterday after market close, and their loss was even wider than estimates had anticipated, according to <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a_Ai5ZGBiJFM&amp;refer=news">Bloomberg</a>. Palm reported losses of 40 cents a share, for a total of $43.4 million. Some of that loss was due to stock-based compensation, but even taking that out of the equation, the loss would still be 22 cents a share. Estimates had Palm's losses at 18 cents a share, and Palm's reported sales also missed the projections, leading to a 3.4 percent drop in share price.</p> <p>What happened? Palm has showed losses in four straight quarters now. Even with Blackberry repositioning to compete with the iPhone with the <a href="http://www.betanews.com/article/RIM_denies_delays_for_its_3G_BlackBerry_Bold_phone/1214493987">upcoming Bold</a>, Palm is still trailing as the third-ranked smartphone manufacturer behind Research in Motion and Apple. During RIM's conference call this week, RIM co-CEO and Director James L. Balsille confimed that the Bold will be released this summer, contrary to rumors.</p> <p>The once-desired Treo is showing sales lags at seven years old, and Palm's Centro has done well, but not well enough. Palm has cut staff and closed retail stores, and CEO Ed Colligan said that new Treo models will be introduced in coming months. Palm can only hope this will be enough to compete with the imminent release of the iPhone 3G as well as the Bold.</p> <p><b>More news, commentary, and predictions from <i>The Industry Standard</i>:</b></p> <ul> <li>Prediction: <b><a href="/predictions/suggestions/palm-stock-dips-below-4-50-end-august-2008">PALM stock dips below $4.50 by end of August 2008</a></b></li> <li>News: <b><a href="/news/2008/06/24/cellspin-adds-palm-its-mobile-blogging-platform">CellSpin adds Palm to its mobile blogging platform</a></b></li> <li>News: <b><a href="/news/2008/06/26/rim-maintains-blazing-growth">RIM maintains blazing growth</a></b></li> </ul> http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row#comments Business &amp; Finance co:Palm co:RIM The Industry Standard Thu, 26 Jun 2008 20:07:56 -0700 Cyndy Aleo-Carreira 108731 at http://www.thestandard.com http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row <!--paging_filter--><p><!--paging_filter--> <p><!--paging_filter--> </p> <p><img src="/sites/thestandard.com/files/u4993/Palm_logo.jpg" alt="Palm logo image" align="left" border="0" height="95" hspace="10" vspace="10" width="99" />Palm, Inc. released their fourth quarter report yesterday after market close, and their loss was even wider than estimates had anticipated, according to <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=a_Ai5ZGBiJFM&amp;refer=news">Bloomberg</a>. Palm reported losses of 40 cents a share, for a total of $43.4 million. Some of that loss was due to stock-based compensation, but even taking that out of the equation, the loss would still be 22 cents a share. Estimates had Palm's losses at 18 cents a share, and Palm's reported sales also missed the projections, leading to a 3.4 percent drop in share price.</p> <p>What happened? Palm has showed losses in four straight quarters now. Even with Blackberry repositioning to compete with the iPhone with the <a href="http://www.betanews.com/article/RIM_denies_delays_for_its_3G_BlackBerry_Bold_phone/1214493987">upcoming Bold</a>, Palm is still trailing as the third-ranked smartphone manufacturer behind Research in Motion and Apple. During RIM's conference call this week, RIM co-CEO and Director James L. Balsille confimed that the Bold will be released this summer, contrary to rumors.</p> <p>The once-desired Treo is showing sales lags at seven years old, and Palm's Centro has done well, but not well enough. Palm has cut staff and closed retail stores, and CEO Ed Colligan said that new Treo models will be introduced in coming months. Palm can only hope this will be enough to compete with the imminent release of the iPhone 3G as well as the Bold.</p> <p><b>More news, commentary, and predictions from <i>The Industry Standard</i>:</b></p> <ul> <li>Prediction: <b><a href="/predictions/suggestions/palm-stock-dips-below-4-50-end-august-2008">PALM stock dips below $4.50 by end of August 2008</a></b></li> <li>News: <b><a href="/news/2008/06/24/cellspin-adds-palm-its-mobile-blogging-platform">CellSpin adds Palm to its mobile blogging platform</a></b></li> <li>News: <b><a href="/news/2008/06/26/rim-maintains-blazing-growth">RIM maintains blazing growth</a></b></li> </ul> http://www.thestandard.com/news/2008/06/26/palm-reports-4q-loss-4th-loss-row#comments Business &amp; Finance co:Palm co:RIM The Industry Standard Thu, 26 Jun 2008 20:07:56 -0700 Cyndy Aleo-Carreira 108731 at http://www.thestandard.com