Comments on: palmOne Reports Profitable 4th Quarter

palmOne today reported a profitable fourth quarter of fiscal year 2004, ended May 28, with revenue totaling $267.3 million, up 23% from the $217.1 million reported during the comparable quarter a year ago, and up 10% sequentially.
Return to Story - Permalink

Article Comments


The following comments are owned by whoever posted them. PalmInfocenter is not responsible for them in any way.
Please Login or register here to add your comments.

Comments Closed Comments Closed
This article is no longer accepting new comments.



TTrules @ 6/21/2004 4:48:59 PM #
Go Palm!

One Palm to rule them all!

One Palm to rule them all!

RE: !!!
trophyofgrace @ 6/21/2004 4:56:03 PM #
This is because of the Treo 600 and the Tungsten E both selling like hotcakes, IMO. Without those two devices, PalmOne would be very close to death now.

-->Visor Deluxe-->Palm m125-->Palm m505-->Ipaq 1945-->Tungsten E-->Zire 21-->Zire 71, Ipaq 1945
RE: !!!
just_little_me @ 6/21/2004 5:08:45 PM #
Nice attempt at a negative spin...!!

The Treo and T|E do exist - so PalmOne is not even close to death!! :-)


RE: !!!
gmigueis @ 6/21/2004 5:39:27 PM #
If everyone buys T|T3s, PalmOne would not certainly make T|Es or Zires or Treos!
Perhaps something went wrong: I'm almost sure that PalmOne's nightmare is very close to selling many T|Es! The production line probably got out of the control and a few more devices made it to the market thus resulting in this tragedy :(

RE: !!!
Rome @ 6/21/2004 11:10:04 PM #
"This is because of the Treo 600 and the Tungsten E both selling like hotcakes, IMO. Without those two devices, PalmOne would be very close to death now."

Mmmmm....interesting take. I get it is kind of like if nobody is buying Windows and Office, Microsoft wouldn't be making so much money.

RE: !!!
LiveFaith @ 6/22/2004 10:23:42 AM #
Man that's hillarious. :-O

Take away Tiger Woods driving and putting and the guy would be a goner." We'll, after last weekend maybe he is anyway, but you get the point.

Pat Horne;

RE: !!!
hoodoo @ 6/22/2004 12:03:52 PM #
It is to laugh....

If Henry Ford hadn't invented the Model T, if Warren Buffett hadn't made all those wise investments. Heck, if George Foreman hadn't thought of that Grill. :)

RE: !!!
viqsi @ 6/22/2004 9:03:39 PM #
Yes, and naturally this is a perfectly acceptable and understandable reason why palmOne's new profitiability is bogus. After all, who cares what the masses buy? Those contemptible commoners. Not like they could ever see the Truth and Glory of what makes a *real* handheld. How shameful and disgraceful it is that pandering losers like palmOne get to go on while noble champions like Sony have to bow out. Utterly disgraceful.

(Yes, I'm being sarcastic. I'm also a T|E owner.)

Toilet Paper

Gekko @ 6/21/2004 6:48:03 PM #
Net income was $13.3 million???? MSFT spent more on toilet paper last quarter for their employees to wipe their a$$es with.

RE: Toilet Paper
HandyMan @ 6/21/2004 7:07:58 PM #
Only because their MSFT is full of sh1t. ;)

Lost $10 Million for the year

Timothy Rapson @ 6/21/2004 8:49:19 PM #
How does Palm do it? On income that is up by 13 % for the year at some $950 Million they LOST $10 million.
How can this be? They pay less than $50 for the mono Zires that some Chinese company makes. They sell them for $80 to retailers. They sell everything else at an average 30% gross margin, but all the money is gone? What are they doing with $300 million a year? Is it executive bonuses? OS development costs? Their PDAs are terrible values compared to Dells. Just plain terrible.

I was already mad enoug at Sony with the Memory stick debacle to quit buying them. Now, PalmOne offers new models for the Spring that offer practically NO value compared to the competion.

I suppose it is possible the new Treo or T4 or a TE2 or a Zire 73 with virtual grafitti might change my mind, but I don't think those are coming. With the current lineup it is all downhill for PalmOne. They will lose even more money on these current models if they keep making them the way they have in the last year.

RE: Lost $10 Million for the year
Gekko @ 6/21/2004 9:00:22 PM #
>"How does Palm do it? On income that is up by 13 % for the year at some $950 Million they LOST $10 million."

"I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents!!!"

RE: Lost $10 Million for the year
dona83 @ 6/21/2004 11:39:30 PM #
The Zire 72 and Zire 31 are WONDERFUL products. I'm sorry if they don't quite make the cut for you so called PalmOS know it alls. Here in, we're known as the geeks who will never be happy with the products that come out. The same people who buy the Zire 31/71 are consumers who see the product, decide whether it's what they need without considerring things that aren't available on the product that they may or may not use, and buy it. And comparing to the Tungsten T3 to the Zire 72, I feel that for the average consumer the Zire 72 is a much better deal with more bang for the consumer buck. The Tungsten T series is getting very pricey, and even if they got WiFi into it, I don't think it would sell as well as the Zire 7x series, while the Tungsten E figured out what people want for $199. A solid business PDA. I'm surprised that the Zire 31 ranked 3rd, yes it does have a pretty horrendus screen but when I played with it for a bit, I honestly though that for $149 it was an excellent PDA, that's why my girlfriend wants to buy the Zire 31.

I think PalmOne may have finally figured out the markets' needs. Now by Autumn, they just gotta integrate WiFi into the Tungsten Tx and Zire 7x and keep the prices the same. Surefire winner! Especially for the Zire 7x. Add bluetooth and WiFi to the Ex and price that at under $249 and that's a winner too. Ah yes and the rumoured Treo 610, that's definitely on my list!


RE: Lost $10 Million for the year
;-o @ 6/22/2004 12:15:06 AM #
"I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents!!!"

Weren't you in that movie, "Wall Street"? What happened to you????

RE: Lost $10 Million for the year
hoodoo @ 6/22/2004 9:07:43 AM #
Stock option bonuses have minimal effect on cash flow that would be used to fund R & D. If anything, it's positive, because whatever discounted price they can buy the shares for would be credited to treasury once they sell them, and they get to pocket the difference. If they choose to cash in the options, the shares are sold into the stock market, with the money coming from whomever buys them (you and me). The issuance of more shares ultimately dilutes the value per share for the common shareholder.

Now, reporting non-GAAP earnings is interesting, because they would probably report a loss if all of the non-cash items were included.

RE: Lost $10 Million for the year
LiveFaith @ 6/22/2004 10:31:11 AM #

I hear we could save a bundle by replacing these guys with Ken Lay or Bernie Evers at a discount.

Pat Horne;



Register Register | Login Log in