Comments on: Palm Reports Q1 FY06 Results

Palm today reported revenue of $342.2 million in its first quarter of fiscal year 2006, ended Sept. 2, up 25 percent from the year-ago period and marking the ninth-consecutive quarter of year-over-year growth.

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TREO will not save PALM

SeldomVisitor @ 9/22/2005 4:44:42 PM #

Nice ring to that, eh?

RE: TREO will not save PALM

JarJar @ 9/22/2005 5:48:28 PM #

Agreed.

However, in the short run the Win Treo will probably do okay by milking the name recognition of that little Palm logo and Ed Cooligan and his buddies will congratulate themselves for their "success".

Making a Win Treo simply isn't innovative. These guys just won't innovate--they are only looking to do the things that give the appearance of success. They only need the appearance of success to make it through to the next quarter and keep their salaries.

RE: TREO will not save PALM

SeldomVisitor @ 9/22/2005 6:33:43 PM #

It should be noted, though, that the "windows Treo" won't be making any money for PALM for at LEAST a quarter or two - they unambiguously said only the TREO 650 would be a revenue smartphone this quarter.

RE: TREO will not save PALM

arp @ 9/27/2005 6:03:24 PM #

One would think that contracts from businesses who have all their internal apps on winmob but are buying the WM treo will bring in a nice chunk of cash, no? Or did they have an extreme amount of money put into R&D on it? How hard can it be to slip in a new 240x240 screen and swap out the OS? Sure, there may be some hardware problems when you swap the OS, but they're a hardware company and should be able to take care of such things fast enough.

I suspect the majority of the spending they have to recoup is just huge salaries to phb's and other people who had to sit in meetings and waste time.

--
http://www.arpx.net/article.php/top_10_palmos_applications - my top 10 palm apps

Hammered in AH!

just_little_me @ 9/22/2005 6:59:11 PM #

Wow - checkout the after hours trading... $29... ouch.

JLM.

30% gross margin!

Timothy Rapson @ 9/22/2005 8:46:32 PM #

What in the world does Palm do with all that money? They make 5 times the gross margin Dell does and yet their balance sheet shows 35 cents on a share of stock?! Someone is syphoning money out of Palm like a vampire sucking blood out Jamie Lee Curtis in a B horror flick.

RE: 30% gross margin!

Gekko @ 9/22/2005 8:56:00 PM #

coke and hookers?

RE: 30% gross margin!

hkklife @ 9/22/2005 9:17:14 PM #

Suits woven with gold thread?

Licensing agreements with Michael Jordan & Claudia Schiffer?

Indirectly bankrolling the publicity campaign for a major motion picture featuring an outdated handheld plastered on lobby posters in cimemas worldwide?

Buying back a name they never should have let go of in the first place?

Sounds like they are stashing all of their cash away to make them look like a ripe, juicy acquisition target (ala Atari etc).

Palm merging Zire & LifeDrive lines?

hkklife @ 9/22/2005 10:08:32 PM #

Hmmm, sounds like they might unify all traditional PDAs under one line (no cameras, T & Z designations) and then just have cameras in the Treos and a future LifeDrive. As I suspected, the next LD will likely be similar to this one but with bug/speed fixes and 2 extra gb of storage. The NEXT LD after that should be when things may start to get interesting, assuming Palm can hang in there long enough to get it out in a bug-free state.
*************************************************************
(Excerpted from Cnet.com article)
http://tinyurl.com/br7kl

"Palm said its LifeDrive devices and Tungsten and Zire handhelds did not perform as well as Palm had hoped. The company blamed the drop in shipments of as much as 22 percent on a slow sales in Europe over the summer, lagging sales in the Asia-Pacific region and a general decline in the demand for PDAs.

Colligan promised to improve video playback and camera capabilities on future models of the LifeDrive."