Comments on: Palm Q3 FY08 Conference Call Highlights
In the quarterly conference call, Palm CEO Ed Colligan remarked it was a tough quarter for the company but then went into his usual upbeat and optimistic look ahead as he briefed analysts and investors on the companies long term prospects. Read on for the full highlights.
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RE: The Centro giveth and the Centro taketh
they were hoping you didn't notice!
Pathetic Palm Blows Another Quarter
ouch.
Pathetic Palm Blows Another Quarter
Dan Frommer | March 20, 2008 4:30 PM
Has-been smartphone maker Palm is having some luck selling its cheap, tiny Centro smartphone at Sprint (S) and AT&T (T): It helped the company sell a record 833,000 phones last quarter, up 13% year-over-year.
But business still stinks: The company swung to a loss and missed the Street's sales and EPS projections. Palm (PALM) shares are down 6% in after-hours trading - at $4.45, they're just 20 cents above their 52-week low.
Palm (PALM) posted $312.1 million of sales, down 24% year-over-year and missing the Street's $315.3 million consensus. Adjusted EPS came in at a 16 cents per share loss, below the Street's expected 15 cents per share loss. And the company reported a $31.5 million net loss, a huge drop from its $11.8 million Q3 profit a year ago.
http://www.alleyinsider.com/2008/3/palm_q3_swings_to_loss_misses_on_sales_eps
RE: Pathetic Palm Blows Another Quarter
Yes, everything is bad at palm right now... it blows. lol
Vote for John Kerry... best man for the job.
To Little To Late for Me
D. Martin
Former Amiga/Commodore Author/Writer/Reviewer
Verizon Centro
RE: Verizon Centro
I would not be STUNNED to see a T-Mobile Centro, if for no other reason than it's popular, it's cheap, it's GSM and it would diversify their lineup. I think that the comments about adding new carriers is probably for more global carriers for the GSM Centro, though we canot rule out Telus in Canada, Lusacell in Mexico, or maybe someone smaller like Alltel in the US for the CDMA version as well.
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->TX->Verizon Treo 700P->Verizon 755p
PDA Info Center
RE: PDA Info Center
RE: PDA Info Center
One aspect that is new on the Centro vs my T|E is the calendar function enabling a timezone to be associated with an event, "no timezone" being the default. This was a MAJOR problem I had with my last Nokia phone as the calendar entries all shifted when changing timezones to the time relative to the new timezone. Having the choice of setting the timezone (or not) for an event is great and all smart phones should be like this (anyone at Symbian listening?).
One complaint: the SIM card is hard to remove without using a tweezer....slips in easily but getting it out is tough. I feel this is a minor design error that Palm designers should catch on the next model.
rpa
Palm Pilot >> Palm Vx >> Tungsten E >> GSM Centro
RE: PDA Info Center
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->TX->Verizon Treo 700P->Verizon 755p
RE: PDA Info Center
RE: PDA Info Center
The only (minor) complaint I have about the Centro is that answering a call hasn't been as intuitive as I'd like. There have been times I was using the PDA function of the phone, it rings, and I've tried to use the touchscreen to answer the call, but I had to use the center button instead. Like I said, it's a minor complaint, but I'd hope they would put out a fix for it to let you use either one.
I think the Centro could still end up bolstering Palm's bottom line, too. If the Centro is adopted by enough carriers, it could make up for its lower cost. (How many people do you think buy feature phones as opposed to smartphones?) And of course, if they accessorize the hell out of it, they could start to reap the benefits of that, too.
As far as I can tell, they only benefit by putting the Palm OS in more people's hands. The more people using the Palm OS, the better your chances of getting customers for higher-end models later. (It's a lot easier to convince someone to get a Treo for several hundred dollars after they've had a good experience with a Centro but are ready to step up.)
RE: No NOVA Phones until 2009?
Thus, we should see the OS in late fall followed by the hardware in early 2009. That's pretty much what we have been hearing since Oct. 07.
RE: No NOVA Phones until 2009?
PDA's Past and Present:
Palm TX (Number 2)
Palm - IIIxe, Vx, M500, M505, Tungsten T, TX
Handspring - Edge, Platinum, Deluxe
Sony - SJ22, UX50
Casio-EM500
Apple - MP110, MP2000, MP2100
OT: RIM sales and profits double
Research in Motion's sales and profits double
Results for the maker of the BlackBerry beat Wall Street's expectations and company raises guidance; stock spikes after-hours.
April 2, 2008: 4:29 PM EDT
NEW YORK (CNNMoney.com) - Research and Motion, the maker of the popular BlackBerry wireless device, said fourth-quarter profits and sales both doubled over the same quarter last year, thanks to strong gains in subscribers.
http://money.cnn.com/2008/04/02/news/companies/Research_earnings/index.htm?postversion=2008040216
RE: OT: RIM sales and profits double
And they're working on new devices.
Yow.
RE: OT: RIM sales and profits double
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->TX->Verizon Treo 700P->Verizon 755p
RE: OT: RIM sales and profits double
And their guidance does NOT depend on whatever THAT is!
They're really producing...nuff said.
OT: iPhone Shortage
Steve Dowling from Apple called back. "We are working to replenish iPhone supplies as quickly as we can," he said to me reading the same statement he offered to others. "Our stores continue to receive shipments almost every day."
RE: OT: RIM sales and profits double
RE: OT: RIM sales and profits double
true. see my lou gerstner quotes on commoditization/services.
did palm have a chance with services but blew it? remember their focus on web clipping way back in the days of the palm vii? could they have focused on a push email package instead and been a viable competitor to RIM today had they recognized its importance? perhaps they could have bought GOOD-LINK cheap way back then with their inflated 2000 stock price and improved/integrated it into their offering?
easy for me to say - hindsight is 20/20.
RE: OT: RIM sales and profits double
however, commoditization is no threat to the iphone. why? because they built a better/unique mousetrap rather than just continually rehash old stale ideas.
of course palm did bring us the fooleo.
RE: OT: RIM sales and profits double
About 6-12 months ago, someone here (SeldomVisitor, I believe) chimed in with me in thinking that Palm was going to start heavily pushing "services" of all sorts.
I believe Andy Brown might have even hinted at that at some point last year (Palm's Analyst Day, perhaps?). Has anything been said/printed/speculated/hinted at from Palm in that regard in the last few months?
Yup, RIM's growing presence in the consumer world should really make Palm scared. Apple & the iPhone are more of a separate "prosumer + hipster" entity than RIM's handsets so I figure they're immune to the BB phenomena. But Palm's products, with their increasingly diminuitive keyboards & screens and ho-hum feature set, are really going to feel the heat from both current & upcoming BB releases.
P.S. Anyone know off-hand if RIM has yet released a single BB model with all of the "must have" features: 3G data, 3.5mm stereo headphone jack, wi-fi, & GPS?
I know T-Mobile's Curve has trades wi-fi for GPS & is limited to EDGE while the EVDO Sprint & Verizon 8830's don't have wi-fi.
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->TX->Verizon Treo 700P->Verizon 755p
RE: OT: RIM sales and profits double
I think, quite honestly, that Palm WAS still bumping along withing shouting distance of success circa 2002/2003. They just got cheap/arrogant/distracted by the Palm/Palmsource split and determined it would be easier to hide behind marketing smoke'n mirrors than it would be to keep innovating.
The Tungsten W was a pretty decent offering (for the time). It was just crippled by its OS & CPU. But Palm was on the right track....a great screen (for the time) QWERTY data-centric device.
Palm should've focused on two types of wireless devices post-Handspring acquisition: modestly spec'd small smartphones (Treo 600/Centro style) AND larger, data-centric PDA replacements that placed telephone functions secondary (if they even had them at all). Think the Tungsten C but offered in both wi-fi and cellular versions (look at what Handspring was doing with the Treo 180 and the 90, for example). That would have nicely set the stage for a circa 2005/2006 Treo TX-type device w/ a large screen that would have nicely kept the iPhone at arm's length, at least for a while.
It's not Palm dumping the PDA line that irks me so much as it is the utter lack of variety, innovation, and choices in the Centro/Treo lineup. Palm's essentially been regurgitating the same damn thing in different colors and at different pricepoints ever since Handspring's original Treo 600. Heck, the Treo line had more formfactor choices under Handspring than it has had in 5 years with Palm!
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->TX->Verizon Treo 700P->Verizon 755p
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The Centro giveth and the Centro taketh
As far as Colligan's complaints (declines in the handheld business, Palm's aging Windows Mobile product line & the lower than average selling price of the Centro), ALL of that is their fault.
#1 Had Palm not totally abandoned the handheld market in a fenzy of greed to cozy up to the carriers (namely Sprint & Verizon) they'd still be treading water, even if they had kept tweaking the same 3 (or even 2) existing PDA formfactors/price points.
#2 Aging WM line? Again, entirely Palm's fault. To not be the first company out of the gates with a 320x320 WM6 smartphone is just absurd. The 755p formfactor would have made for an ideal first WM6 device. Oh, what's that you say? The carriers didn't comission a 320x320 WM6 CDMA Treo from Palm? Oh well, that's what you get by selling your soul to the carriers and then repeatedly bungling one release after another.
#3 Lower than average selling price of the Centro? Again, entirely Palm's fault. Had they not tried to sell the SAME smartphone 3x in a row (Treo 700p, 755p, Centro) perhaps they could have commanded a higher price. Or even (GASP!) tried to introduce SOME compelling new hardware feature on the Centro to make it worthy of a higher price (128mb RAM, 2mp camera, 2/4gb internal flash screen are all perfectly functional under Garnet). Heck, a 3.5mm stereo headphone jack would have given the Centro SOMETHING that the other Treos do not have. Instead, that pitiful stock battery and tiny scren & keyboard aren't worthy of a premium pricetag and everyone (including the carriers) knows it.
#4. Oh, and the Treo 500 not selling well in Europe? That's Palm's fault for comissioning a "me too" device that isn't even quad-band so it can be sold in the US. Quite foolish if you ask me. Heck, had Palm just had a quiet 500v launch in the US and sold it through AT&T as a WM version of the Centro (or, as a Moto Q competitor) or even just unlocked on their website it'd at least have gotten SOME attention. And an utter lack of differentiating features over every other WM phone on the market doesn't help matters either.
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->TX->Verizon Treo 700P->Verizon 755p