palmOne Conference Call Highlights
palmOne held a quarterly conference call yesterday with investors, analysts and the news media. The company shed some insight on performance and goals going forward and talked about the upcoming handheld and smartphone releases.
The call started off with interim CEO Ed Colligan introducing himself. Ed stated there are three main trends that are driving future growth for palmOne. First, is the digitization of all content, second us the rapid adoption of email and messaging, and thirdly the development of high speed networks. Ed stated that all the above factors are coming together to create a huge market potential for palmOne.
Colligan then laid out some of the palmOne's upcoming goals for the quarter and beyond:
- His first main point was to stress that palmOne wants to become the world's most successful mobile computing leader, not just a handset provider.
- Building on the point above, he stated they want to make the palmOne brand the top of the line mobile computing company
- More than 80% of the companies engineers are software engineers
- The bulk of new investments is going into smartphones
- The company is diverting R&D and money to deliver more phones on more networks faster.
- The company is committed to improving the core applications to create and unparalleled user interface.
- In the past quarter the company shipped 279k smartphones, and 659k handhelds, with the Tungsten E still the top seller.
- 1.4 million Tungsten E units have been sold in the first 14 months of the product's release
- When asked Colligan confirmed the Verizon Treo 650 would support the high speed EV-DO standard.
On the companies upcoming goals for the next quarter:
- palmOne will continue to roll out the Treo 650 though carriers
- The next generation of handhelds will be released this quarter or early in the next quater.
- One focuses on Business productivity tools and heavily on mobile entertainment
- The other will be the successor to the best selling Tungsten E (rumored Tungsten E2)
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