Comments on: Palm Posts Preliminary Q1 FY08 Numbers

Palm today reported preliminary financial results for the first quarter of fiscal year 2008, ended Aug. 31, 2007. Full results are due to be reported on Oct. 1st. The numbers are mostly in line with the earlier guidance, however gross-margin is down to the lower 36% range. Smartphone sell-through is down roughly 65,000 units from the previous quarter and is expected to fall in the 685,000- 690,000 units range. The estimated results indicate a significant drop in earnings compared with the same quarter last year.

 

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