PalmSource Reports Slight Net Loss
PalmSource today announced consolidated results for its third fiscal quarter ended February 25, 2005. The company reported a small net loss on lower sales of mobile devices compared to the same quarter last year.
Consolidated results for the quarter included one month of financial results for China MobileSoft Ltd. (CMS), which was acquired on January 28, 2005.
PalmSource licensees reported shipping a total of approximately 1.4 million units, of which 23 percent were smartphones and 77 percent were PDA's and other mobile handheld devices. This compares to a total of approximately 2.0 million units shipped in the third quarter of fiscal 2004, of which 12 percent were smartphones and 88 percent were PDA's and other mobile handheld devices. Also during the third quarter of 2005, as reported by its licensees, CMS applications were shipped on approximately 1 million feature and voice phones into the Chinese market.
Consolidated revenue for the third quarter of 2005 was $17.2 million as compared to $21.6 million reported in the year ago quarter. Gross margin was 93 percent and was flat when compared to the year ago quarter. GAAP net loss was ($0.7) million, or ($0.05) per share, as compared to GAAP net income of $0.6 million or $0.05 per share reported in the year ago quarter.
Non-GAAP net income for the quarter was $0.6 million, or $0.04 per share as compared to non-GAAP net income of $3.6 million or $0.32 per share in the year ago quarter. Non-GAAP net income for the third quarter of 2005 excluded $1.4 million for stock-based compensation expense and $0.1 million for amortization of purchased intangible assets, which was partially offset by $0.1 million for the reversal of accrued restructuring charges. GAAP net loss per share for the third quarter of 2005 was calculated using basic shares outstanding of 15.0 million, while non-GAAP net earnings per share was calculated on a diluted basis using 15.3 million shares.
"We continue to make progress in our plan to transform PalmSource into a broad-based software provider for all mobile devices," said David Nagel, president and CEO of PalmSource. "With the completion of the China MobileSoft acquisition, we now have a foothold in the Chinese market with our voice, feature and smartphone products, a low cost, localized development and support capability, and the technology base to improve the competitiveness of our software products internationally."
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RE: Ok who will be first to
They have a huge future -- and it's no longer dependent on PDAs.
This means we are no longer at the head of the line.
RE: Ok who will be first to
I still don't see any evidence that PalmSource's talk about 'feature phones' and PalmLinux is anything more than smoke and mirrors to deflect attention from the Cobalt fiasco and the swiftly dwindling number of licensees.
RE: Ok who will be first to
Hey, it's been YEARS since they've come out. Where are the competitors? It's already been established that you know zip about ID. Care to make it 2 for 2 in the Stupid Department?
RE: Ok who will be first to
palmOnLinux is a distraction from Cobalt. Probably. sad too, I like Cobalt and think that it would have been great, even in its raw 6.0 release mode to have licensees play with. Granted, it would have come out incredibly customized, but it would have been great to see what companies would do. I think that with POL that you will see the same thing that happened to Apple. The box you can think outside of can only go so far before you have to reign it in. Cobalt may have just been too far from the established standards for anyone to want to go. So they brought it in hoping to make it close to their idea. Hope it works for their sake.
antoinerjwright.com
RE: Ok who will be first to
RE: Ok who will be first to
antoinerjwright.com
RE: Ok who will be first to
RE: Ok who will be first to
You can copyright programs, images, and even techniques to a limited extent, but you can't copyright ease of use. If somebody produced an equally simple PIM app without using any Palm images, or deliberately ripping off the Palm app, PSRC wouldn't have much legal recourse.
And OJ was INNOCENT, right Mike???
Mike, you have the most florid case of Korsakoff's psychosis that I've seen in a while. Please post more. Your posts have all the features of a horrific car crash. Tragic, yes - yet disturbingly difficult to look away from.
Your latest flight of fancy (right up there with the Palm "skin" on Linux) would have people believe that ONLY Palm is able to create simple PIM apps. As usual, you are WRONG.
And by the way, your sauna buddy, Kutaragi was last spotted working as a Wal-Mart greeter a few days ago in Fargo, North Dakota. The brightest stars always burn out the fastest. Probably explains why you're so old...
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Press release: CUPERTINO, California — February 11, 2005 — Apple® announced today that Steve Jobs will begin selling his own feces to Apple Cultists beginning March 1. Apple's new iPoo™ lineup is expected to easily surpass the iPod shuffle as the company's most popular product. Yes, Apple Cultists can already easily create their own iPoo™, but feces didn't seem cool until Jobs told them it was cool. Remember, kids: the ONLY cool feces is Jobs' highly individualistic, rebellious iPoo™ (coming soon in six different colors/flavors, including the red [hematochezia] and black [melena] U2 GI bleed model)
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Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
RE: Ok who will be first to
To the meatpacker stalker: Do you ever add ANYTHING to a discussion other than your obsession with ME? Pathetic wanker.
Two people who haven't accomplished anything denigrating the efforts of someone who *has*. What a bellylaugh.
RE: Ok who will be first to
RE: Ok who will be first to
Slink back to your kennel and tell your mother to bite you.
M.C., Esq.
Ahem.
Precisely W T F have you accomplished, Mikey?
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Press release: CUPERTINO, California — February 11, 2005 — Apple® announced today that Steve Jobs will begin selling his own feces to Apple Cultists beginning March 1. Apple's new iPoo™ lineup is expected to easily surpass the iPod shuffle as the company's most popular product. Yes, Apple Cultists can already easily create their own iPoo™, but feces didn't seem cool until Jobs told them it was cool. Remember, kids: the ONLY cool feces is Jobs' highly individualistic, rebellious iPoo™ (coming soon in six different colors/flavors, including the red [hematochezia] and black [melena] U2 GI bleed model)
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Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
PalmSource Conference Call Notes
- PalmSource now has 400 thousand registered developers
- Disappointing PDA sales in December affected the results as well as the delayed rollout of a smartphone by a unnamed carrier
- PalmSource is working to place the Cobalt UI on top of mobile embedded linux
- There are around 16 products (handhelds & smartphones) "in the pipeline"
- The BlackBerry connect software is finished and has been given to licensees
This is all directly from Nagel.
-Ryan
webmaster@palminfocenter.com
RE: PalmSource Conference Call Notes
RE: PalmSource Conference Call Notes
...but from a PalmOS user's viewpoint I only care that they get it together and recover enough to do some real innovation and fixing of the core applications before my only "choice" is an Ipaq Pez dispenser or a Dell whatever...
Hey Palm(source)... it's been nearly 10 years, can we PLEASE have more than 4k memos and 1:1 Outlook syncing BEFORE you go running all over to linux and whatever other pie-in-the-sky ideas seem to pop into your heads every year....?
It's like Palmsource and their compatriots are driving a car with bald tires in the snow and spending all the time focusing on the fact the air conditioner isn't pumping out enough cold air....
RE: PalmSource Conference Call Notes
OK who will be first to spin this into a positive situation?
The suddenly eerily silent Michael Mace (a.k.a. "Spin Dr." himself)
... or an up and comming member to our circle jerk?
Be careful you don't get splattered in the circle, BubbaSteve. Your wife might get jealous.
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Press release: CUPERTINO, California — February 11, 2005 — Apple® announced today that Steve Jobs will begin selling his own feces to Apple Cultists beginning March 1. Apple's new iPoo™ lineup is expected to easily surpass the iPod shuffle as the company's most popular product. Yes, Apple Cultists can already easily create their own iPoo™, but feces didn't seem cool until Jobs told them it was cool. Remember, kids: the ONLY cool feces is Jobs' highly individualistic, rebellious iPoo™ (coming soon in six different colors/flavors, including the red [hematochezia] and black [melena] U2 GI bleed model)
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Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
PalmSource Report, translated:
Compared to the same period 1 year earlier:
- Total revenue declined 20%
- Licensees shipped 30% fewer devices running PalmOS
- Shipments of smartphones doubled
- The most innovative licensee walked away from the table
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- 400,000 people have registered as developers with PalmSource. The vast majority of these people did so to either obtain a (legal) copy of the PalmOS ROM or to take advantage of hardware deals offered to "developers".
- The Treo 650 got a rejection notice
- PalmSource's Cobalt Salvage Operation (CSO) is underway
- Vaporware is still alive and kicking
- "We can't beat RIM, so we'll join 'em!"
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Press release: CUPERTINO, California — February 11, 2005 — Apple® announced today that Steve Jobs will begin selling his own feces to Apple Cultists beginning March 1. Apple's new iPoo™ lineup is expected to easily surpass the iPod shuffle as the company's most popular product. Yes, Apple Cultists can already easily create their own iPoo™, but feces didn't seem cool until Jobs told them it was cool. Remember, kids: the ONLY cool feces is Jobs' highly individualistic, rebellious iPoo™ (coming soon in six different colors/flavors, including the red [hematochezia] and black [melena] U2 GI bleed model)
*************************************************************************************
******************************************************************
Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
RE: OK who will be first to spin this into a positive situation?
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Press release: CUPERTINO, California — February 11, 2005 — Apple® announced today that Steve Jobs will begin selling his own feces to Apple Cultists beginning March 1. Apple's new iPoo™ lineup is expected to easily surpass the iPod shuffle as the company's most popular product. Yes, Apple Cultists can already easily create their own iPoo™, but feces didn't seem cool until Jobs told them it was cool. Remember, kids: the ONLY cool feces is Jobs' highly individualistic, rebellious iPoo™ (coming soon in six different colors/flavors, including the red [hematochezia] and black [melena] U2 GI bleed model)
*************************************************************************************
******************************************************************
Sony CLIE UX100: 128 MB real RAM, OLED screen. All the PDA anyone really ever wanted.
RE: Fire Nagel Now
Cobalt is similar in many ways to Apple's Copland OS of 10 years ago.
Interesting how Nagel was the leader of both of these efforts.
What we have here is real-life Sisyphus.
RE: Fire Nagel Now
Give us a break, lizard!
RE: Fire Nagel Now
A "Pop" Stockholder meeting is necessary
Seriously, a Pop Stockholder (Unplanned Stockholder) meeting is necessary to discipline the current Board of Directors.
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Who has not?
When choosing to innovate one may suffer some set backs that is a fact of life. Digital is the only medium where our thoughts can be counted.
The digital world is here to stay. The new "World Order" is people telling us what they want their digital choices to look like, sound like and well the forbidden word(s).
Digital Freedom the "New World Order". The new world is still as competitive as always as long as democracy is a choice too.
The pioneers are always remembered and respected even when they get really BIG.
Peace,
E-T
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Ok who will be first to "doom and gloom"
The Voice of Reason (a.k.a. "Dr. Doom" himself)
... or an up and comming member to our sewing circle?