Comments on: Palm Reports Q1 FY08 Results

Palm today reported that total revenue in the first quarter of fiscal year 2008, ended Aug. 31, was $360.8 million. Smartphone sell-through for the quarter was 689,000 units, up 21 percent year over year. Smartphone revenue was $302.2 million, up 12 percent from the year-ago period.

Palm reported its first net loss in more than three years of $841,000, or 1 cent a share. Sales of Palm smartphones slowed during the current quarter, down around 9% from the previous record setting Q4 FY07 quarter.

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Palm weathered the iPhone storm

bulls96 @ 10/2/2007 2:29:34 AM # Q
I think they did fairly well during this post-iPhone quarter. It could have been worse. Actual adjusted figures actually say a few cents earnings per share.

i am thinking that quarter and this current quarter are the quarters when Palm will feel the effects of the iPhone the most. And the effect of the Foleo cancellation. With the new lineups of phones they came up with, including the rumored 800w, i think we should expect better times ahead.

Palm weathered the iPhone storm in other words.

Now they really have to make that Plinux phone quick if they expect to survive another year.

RE: Palm weathered the iPhone storm
VampireLestat @ 10/2/2007 2:55:25 AM # Q
If they had a few PDA models, they would still be in the black.

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