Comments on: PalmSource Reports Q3 FY04 Results

PalmSource today reported revenues of $21.6 million for the third quarter ended February 27, 2004, as compared to revenues of $26.3 million for the same quarter of the prior fiscal year.

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Let the bloodletting begin

Wollombi @ 3/18/2004 6:49:27 PM #

A net loss of $4-$7 million? I really hope this isn't the beginning of a pattern of bleeding red ink for PalmSource. Cobalt needs to live up to or exceed it's promise, and visibly so, or PalmSource will really have a problem on it's hands.

_________________
Sean

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RE: Let the bloodletting begin

gfunkmagic @ 3/18/2004 7:20:27 PM #

Well with cash cash investments of about $30 million and operating cost of about $2 million per quarter, they could still last a bit over a year w/o any profits...

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RE: Let the bloodletting begin

hoodoo @ 3/19/2004 8:44:31 AM #

Except that they're predicting they will use up $4-6 million in the 4th quarter. They'll probably issue some more equity.