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Comments on: palmOne Reports Profitable Quarter

palmOne today reported that revenue in its fourth quarter of fiscal year 2005, ended June 3, totaled $335.8 million, up 26 percent from the year-ago period and marking the eighth consecutive quarter of year-over-year growth. Quarterly revenue was up 18 percent sequentially.
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Colligan on PSRC's "Deterioration"

Gekko @ 6/30/2005 2:33:27 PM # Q

Analysts questioned Colligan about whether he was worried about the recent missteps of PalmSource. PalmOne's sister company, PalmSource sells the Palm OS operating system which most of palmOne's products run on. On Wednesday, PalmSource announced that it plans to reorganize its sales, marketing and product development and cut its U.S. full-time work force by about 16 percent. PalmSource also forecast a first-quarter loss on Thursday.

"We're tracking that development closely," Colligan said. "We are working to make sure that platform carries forward. If things deteriorated more we would have to take action."

Colligan added that palmOne is prepared should it have to move to a new operating system.

"There are a number of suppliers that we could leverage," Colligan said.

http://tinyurl.com/9ycr3



RE: Colligan on PSRC's
LiveFaith @ 6/30/2005 2:57:43 PM # Q
Nice find.

This is an interesting statement ... "If things deteriorated more we would have to take action." That could also be worded ... "PSRC is at absolute rock bottom and we are ready to abandon them now if they do not turn it around."

Thots ...

#1 My December prediction ... Palm just buys them and put that whole spinoff out to pasture.

#2 I really thot this would be the other way around. When the decision was made about the split PSG seemed destined for the ash heep and POS looked poised to host H-spring, P1, Sony, Symbol, Samsung(announcing vaporfones galore) etc. I figured P1 would be crushed and PSRC could broaden it's base quickly. It sure has not played that way so far.

#3 Maybe the WinMobTreo is just being developed to save P1 if PSRC heads for immenent collapse. If they turn it around, then it becomes vaporware? Man, what Dell could do to jump in the smartfone arena with a Dell branded WM05 Treo! :-) :-o :-(

... anyway, the rabbit hole goes deeper!

Pat Horne; www.churchoflivingfaith.com

RE: Colligan on PSRC's
ChiA @ 6/30/2005 3:51:54 PM # Q
I presume that like Apple, PalmOne is doing the sensible thing and hedging its bets - if PalmSource survives then it's business as usual, if it crashes then either PalmOne buys PalmSource's assets (ie PalmOS) in a liquidation sale or switches over to WinMobile 2005. Reading between the lines of Colligan's statement I'm sure there are Treos, LifeDrives and Tungstens running PocketPC in a closely guarded, locked room, deep, deep within PalmOne HQ.

PalmOne's business is to sell handhelds and smartphones - it's profitable so it's doing this with at least some success.

PalmSource's business is to sell it's operating system - something it hasn't really managed to do profitably in its lifetime. The lack and even loss of several high volume licensees hasn't helped it but I hope with recent announcements it's managed to get back on course.

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"What counts is not necessarily the size of the dog in the fight � it�s the size of the fight in the dog" - Dwight D. Eisenhower

RE: Colligan on PSRC's
mikecane @ 6/30/2005 4:50:29 PM # Q
I can think of two OSes Palm could hop to:

1) Trolltech's QTopia Linux (seen on the Zaurii)
2) Maemo -- to be seen on the Nokia 770 Internet Tablet

Even though some people at Palm might think WinMob would be good, the PR fallout would make them wish they had simply killed the company outright.

There is just one thing I hope I *never* see: "Garnet 6.0"!!!

RE: Colligan on PSRC's
SeldomVisitor @ 6/30/2005 6:15:52 PM # Q
As noted in a different thread, I believe "the action" would be to buy PSRC lock, stock, and barrel - maybe at a fire sale (er...or is that a "You're fired!"-sale?...giggle).

RE: Colligan on PSRC's
Gekko @ 6/30/2005 6:31:16 PM # Q

PSRC Market Cap right now is $142M. If I was Colligan/Palm(One), I'd startve the bastards out. Let the pig run around and bleed and bleed and bleed some more...losing more and more market cap. When the pig gets to around $14M, come by with a big chainsaw and cut the pig's head off and take it home for 10 cents on the dollar and just keep the OS and sell off/fire everything/everyone else.

Colligan probably already has the Bleezburg brothers lined up to build condos where PSRC headquarters are and he can lay off the office furniture to the Mexicans, who are dumb enough to buy it.

They got it all nailed right down to the typewriters...

http://tinyurl.com/atolw



RE: Colligan on PSRC's
twrock @ 6/30/2005 7:31:37 PM # Q
"We're tracking that development closely," Colligan said. "We are working to make sure that platform carries forward. If things deteriorated more we would have to take action."

Wow! And in the next breath he talks about "other OS's".

So is it (A) he's just being blunt about PSRC's troubles and making sure everyone knows that P1's fortunes are not tied to PSRC alone and they are ready to jump ship to another OS at any moment, or (B) he's purposefully adding to the FUD , hoping to drive the PSRC value down even further before the alleged fire sale? If it's the latter, it adds support for the conspiracy theorists. I don't yet buy into that theory. I think it was just a series of very bad choices, but it is fun to speculate on.

And, how broad of a definition is "the platform" supposed to carry? Just the hardware? Just the Palm name? The OS? Hardware/software combo?



I'm still waiting for the mythical "color HandEra."

RE: Colligan on PSRC's
svrontis @ 6/30/2005 10:59:35 PM # Q
Le me see - higher year on year sales and net profit (all on a GAAP basis). That settles it - these guys are DOOMED.

(sarcasm intended).

Finally even the Palm Apologists will admit I was right...
The_Voice_of_Reason @ 7/1/2005 3:00:20 AM # Q
http://www.palminfocenter.com/comment_view.asp?ID=7864#108038


It's not a "Conspiracy Theory" if it's TRUE. This is going to be hilarious watching Jeff Kirvin, Surur and all the other Palm Apologists squirm once the truth about Palm's little game is revealed.

http://www.palminfocenter.com/comment_view.asp?ID=7864#108796

http://www.palminfocenter.com/comment_view.asp?ID=7864#108051

http://www.palminfocenter.com/comment_view.asp?ID=7864#108053

TVo"I told you so"R


------------------------
Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
------------------------

The Palm Economy = Communism
The Great Palm Swindle: http://www.palminfocenter.com/comment_view.asp?ID=7864#108038

RE: Colligan on PSRC's
Toysoft @ 7/1/2005 4:04:40 PM # Q
like wtf is wrong with the PalmOS? if PalmOne is making money off the Treo then who cares. If palmSource dies it will take palmOne atleast a year or two to come out with new models.

RE: Colligan on PSRC's
twrock @ 7/1/2005 9:12:30 PM # Q
It's not a "Conspiracy Theory" if it's TRUE.

Agreed, according to the definitions of "theory" and "true."

So a black cat wanders into the local village one morning. Peter notices it, but pays no mind, that is, he pays no mind until that afternoon a huge storm rolls in that destroys half the homes in the village. Peter surmises that the black cat was a harbinger of bad luck. So he now patrols outside the village and shoots any unsuspecting black cat that happens to wander by.

However, Sally noticed some time that morning that the wind had shifted and was now blowing strongly out of the west. So she quickly went out and brought in all of the wash she had hung up earlier.

So are you Peter or Sally? Simply a question of correlation vs. cause. The entire situation (Palm situation, not the storm) could be explained in any number of ways, each explanation in keeping with all the currently available data. Just because you have presented a plausible explanation, doesn't mean it is the only explanation, nor does it mean it is true (something more than theory). Time may tell, but it also might not.

But in the mean time, please keep it coming; at a minimum it makes for fun reading and lively discussion. And, who knows, you just might turn out to be right. If so, the "Palm" leadership who conspired really ought to fry for it. As for me, I'm still chalking it up to a series of unfortunate events coupled with a lot of bad business decisions.

And PLMO, do you really want to just be another player in the vast M$ empire? If you have some way of saving the platform (which I assume includes the PalmOS) then do it quickly, before there is nothing left of them or you. But if you plan on migrating to WinMob, then you've got to know already that a lot of us are going to be buying Dells or RAZRberrys instead. It's about the OS!

I'm still waiting for the mythical "color HandEra."

RE: Colligan on PSRC's
twrock @ 7/2/2005 7:45:27 AM # Q
We are working to make sure that platform carries forward.

Hey, wait just a minute. I must have read that line a half-dozen times and didn't notice he said "that platform" not "that the platform". My brain just kept supplying the "the" as I read it. So, it would seem pretty clear he's talking about making sure the OS carries forward.

This actually gives me a little more hope that I will eventually be able to buy a "Palm-powered" HandEra 330 replacement some day..., but only a "little".

I'm still waiting for the mythical "color HandEra."

PalmSource DEADPOOL. When will Palm finally take them out?
The_Voice_of_Reason @ 7/3/2005 4:21:31 PM # Q
PSRC Market Cap right now is $142M. If I was Colligan/Palm(One), I'd startve the bastards out. Let the pig run around and bleed and bleed and bleed some more...losing more and more market cap. When the pig gets to around $14M, come by with a big chainsaw and cut the pig's head off and take it home for 10 cents on the dollar and just keep the OS and sell off/fire everything/everyone else.

Colligan probably already has the Bleezburg brothers lined up to build condos where PSRC headquarters are and he can lay off the office furniture to the ********, who are dumb enough to buy it.

They got it all nailed right down to the typewriters...

Graphic, but probably will happen. Only not until PalmSource stock drops below $6 and the market cap is near $100 million. Palm will then buy PalmSource for $100 million. Too bad Sony didn't buy PalmSource outright two years ago for $150 - 200 million. At least by now we'd have a chance of seeing something better than a savagely hacked up, wheezy PalmOS 5.9999314159265358979323846 on a REAL, shipping device before 2007.

By the way, yout little racist comment wasn't funny, Geeko.



------------------------
Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
------------------------

The Palm Economy = Communism
The Great Palm Swindle: http://www.palminfocenter.com/comment_view.asp?ID=7864#108038

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