Palm Inc today reported revenue of $410.5 million in the third quarter of fiscal year 2007, ended March 2. Smartphone sell-through for the period reached a company record high totaling 738,000 units, up 30 percent year over year and up 20 percent sequentially.

"We delivered solid results in the third fiscal quarter and continue to expand our global market presence," said Ed Colligan, Palm president and chief executive officer. "Treo smartphone sell-through and revenue reached record levels, and Palm products were available to smartphone customers through seven of the top 10 carriers in the world."

Palm today announced that Judge James R. Spencer of the United States District Court for the Eastern Division of Virginia, Richmond Division, granted a stay of proceedings in the patent infringement litigation brought against the company by NTP.

The court also granted Palm's motion to strike the portion of NTP's complaint alleging misbehavior at the U.S. Patent and Trademark Office.

By midmorning Thursday, Palm shares had dropped 9.3% to trade at $17.64. The price is still up 25% from its level in early February, when the most recent round of buyout rumors began circulating again.

Most analysts have expressed skepticism about such a deal from the beginning, reports MarketWatch. Deutsche Bank analyst Jonah Goldberg wrote that such a buyout was "extremely unlikely" at the stock's current price. "Moreover, our analysis indicates that a financial buyer would be unlikely to pay a premium to the current price." Bloomberg also reports that Merrill Lynch and JPMorgan are also saying Palm is not likely to be acquired.

Palm will be reporting earnings and holding its quarterly conference call later this afternoon. Check back for a report later today.

PORTA, the leading wireless telecommunications company in Ecuador, and Palm have announced the availability of the Treo 680 smartphone in Ecuador. Palm has also brought the Treo 680 to Chile with the launch of the 680 with Claro.

DialByPhoto version 1.3 has just been released from Gx5. DialByPhoto for your Treo lets you speed dial your favorite acquaintances that you call regularly with photo icons.

The app replaces the usual Treo phone application, while still leaving it available and allows you to customize the layout and behavior of your dialing screen. It also includes some nice call management features including Ignore by SMS and a built in list of predefined SMS responses. v1.3 adds a new Top 5 photo dialing feature, a new last 20 call log and a number of new minor features and improvements.

DialByPhoto is available now for $14.95 (it is currently on sale for a few days for $11.95). It includes a free trial and is compatible with the Treo 650, 680 and 700p. You can read our review here.

ZombieAttack is a new game for Palm OS from DeluxeWare. Zombies have attacked citys of world, and are running rampage! They can infect any human that gets next to them. Your job is to stop them!

The game features logical and tactical game-play strategy, three game modes and enhanced digital sound effects. The goal is to capture more territory than your living dead zombie enemies.

ZombieAttack is available now with a free trial. It costs $14.95 to register, but is currently on sale for $9.95.

Earlier in January, Palm released a free Microsoft Exchange Direct Push Update for the Treo 700p and 680. The update is now available for the Treo 650 for a fee. Treo 650 users wishing to update their device can purchase the direct push update for $2.99 from Palm. However, in order to make use of the update you have to have a copy of VersaMail v3.5, while most standard 650's ship with v3.1. So if you do not have VersaMail v3.5 you can also purchase it separately from Palm for $12.98.

Palm OS based Treo smartphones have long been able to use Exchange ActiveSync to access Microsoft Exchange Server information using Palm’s VersaMail email client. The new update enhances VersaMail by adding Microsoft’s Direct Push Technology, which gives users connected to an Exchange Server fast, automatic wireless updates of email, calendar and contact information.

Pretty much every technology related website and blog is recycling yet another highly speculative rumor regarding Palm's imminent sale. Unstrung, citing sources close to the situation, again claims Nokia and Motorola are leading bidders, and private equity firms Texas Pacific Group and Silver Lake Partners are also interested in buying the company.

Rumors of this nature have been one of the driving forces moving Palm's share price over the past two years. Late last year Palm CEO Ed Colligan emphatically told reporters that the company is not currently for sale nor had they made any overtures to find a buyer.

Palm is due to report its Q3FY07 results and hold its quarterly analyst/investor conference call this Thursday. To date, Palm representatives have refused comment on the rumors, but the issue is sure to come up during the call.

Gx5Continuing their line of replacement Treo applications, Gx5 has released TreoMemo, a substitute for the standard Palm Memos app. Developed by Gx5 - creators of the eye-catching DialByPhoto - it’s an attractive enhancement both visually and functionally, with swish graphics and some clever new features. But is it worth paying to upgrade one of the Treo’s most basic applications?

Read on for the full review…

Following their recent 1.10 update, the folks over at Softick have released Softick Audio Gateway 1.11, now with full Treo 680 compatibility. In his announcement on the forums, developer Arseniy Prujov also put forth an interesting theory regarding the better-late-than-never 700p ROM update. If correct, this should be welcome news for 700p owners, albeit long overdue...

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