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Palm losing streak reaches 7 consecutive quarters

Palm losing streak reaches 7 consecutive quarters

Posted: 20 Mar 2009, 03:06, by Alan F.

Categories: HP HP Bookmark

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Palm losing streak reaches 7 consecutive quarters

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For the seventh consecutive quarter, Palm reported a loss. The third quarter of the fiscal 2009 saw the company report $95 million of red ink which works out to 89 cents a share, up from a loss of $54.7 million dollars or 53 cents a year earlier. Part of the problem is that buying of Palm products has dried up in anticipation of the launch of the Palm Pre. Since the smartphone was introduced at the CES in January, it has garnered the largest pre-release buzz for a cellphone since the original iPhone. As a result, customers have been waiting for the device to hit the stores and have slowed down their purchases of Palm devices dramatically despite the introduction and release of the Palm Treo Pro, a Windows Mobile smartphone loaded with features and with pretty design. The quarter might have been better if not for the saga of the Treo Pro. The handset was expected to hit Sprint stores in late January, and then by mid February in time to have some impact on the quarter. But delays kept pushing back the release of the phone and by the end of the period, only Canadian carrier Bell had released the device in North America. The Pre is considered the last chance for Palm to become relevant again after nearly disappearing from the cellular scene. Earlier this month, we reported how the carrier was able to raise cash and pay off a debt to Elevation Partners by exercising an option to sell 18.5 million of their shares held by Elevation for $105 million dollars. After repaying $49 in debt to Roger McNamee's firm, the balance went to Palm to improve liquidity. After all, marketing a high profile device like the Pre is going to take plenty of money. And Palm isn't the only firm with much on the line here. Networker Sprint is supposed to have the exclusive U.S. rights to sell the Pre for the rest of the year. Will Palm continue to post losses every quarter, or will the Pre help the company post black ink? We're not sure what the record for consecutive losing quarters is, but we are sure that is not a record that Palm wants to own.

Palm Treo Pro Specifications (CDMA) | Review
Palm Pre Preliminary Specifications | Hands-on

source: N.Y.Times

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1. heavybreathing posted on 20 Oct 2010, 01:42 0 0

This is Palms own doing. They went from a nice phone company to cloning blackberry and putting out the same phone over and over and over again. The pre will fail horribly...say goodbye to this dying company.

2. insider80 posted on 20 Mar 2009, 09:12 0 0

your an idiot

3. idiotwind13 posted on 20 Mar 2009, 09:32 0 0

Quite. Apparently you have not seen the demo videos for the Pre. It makes the iPhone look like a toy, that phone is going to kill.

4. E.N. posted on 20 Mar 2009, 09:58 0 0

Yeah, how many times have we heard that before. "The Blackberry Storm is the ultimate iphone killer." Didn't the instinct also beat the iphone? Oh yeah,and CNET said the Voyager was better than the iPhone. The G1 was supposedly defeat the iphone too. Who knows though, this phone probably can kill, but the way things have been happening phone after phone after phone, I kind of doubt it. But I still can be wrong, so. . . . we'll just wait until Q2.

5. heavybreathing posted on 20 Mar 2009, 10:30 0 0

*you're an idiot

6. insider80 posted on 20 Mar 2009, 10:41 0 0

actually the instinct did beat the iphone at CTIA award show last year

8. att_agent posted on 20 Mar 2009, 11:09 0 0

YOUR MOMS A CUNT WITH HERPIES!!!!!! STUPID INSIDER!!!! COCK!!!!!!!!

9. *HOVA* posted on 20 Mar 2009, 11:11 0 0

Well even if it did look how popular it ISN'T now...

10. heavybreathing posted on 20 Mar 2009, 11:11 0 0

YOUR MOUTH IS A VAGINA AND I WILL FUCK IT.

11. att_agent posted on 20 Mar 2009, 11:19 0 0

YOUR ANUS IS A GAPING HOLE THAT CONSUMES THE MASSIVE COCK OF THE WORLD (THE GOVERMENT OR SO CALLED OBAMA) FUCK YOU WHOOOOOORE!!!!!!!!!!!!!!!!!!!!!!!!!!

12. heavybreathing posted on 20 Mar 2009, 11:19 0 0

THAT'S BECAUSE YOU PUT ROOFIES IN MY DRINK YOU ASSHOLE. I'M NEVER GOING DRINKING WITH YOU AGAIN.

13. att_agent posted on 20 Mar 2009, 11:22 0 0

I RAPED YOUUUUUUUUUUUUUUUUUUUUUUUUUUU!

16. E.N. posted on 20 Mar 2009, 22:47 0 0

So why isn't the palm pre trying to beat the instinct instead of the iPhone?

18. Legion posted on 21 Mar 2009, 16:03 0 0

No sir, you are the idiot

19. insider80 posted on 21 Mar 2009, 16:31 0 0

what are you talking about sprint sells more instincts than any other phone

20. insider80 posted on 21 Mar 2009, 16:36 0 0

who said the pre is trying to beat the iphone the iphone isnt even in the same category as a pre! the iphone is a toy. and in anyones eyes that actually know what there talking about the iphone is nothing special. the thousands of kids that think its cool to have an expoensive toy think its great but thats about it

7. att_agent posted on 20 Mar 2009, 10:53 0 0

OMFG i have had 2 700p's and 2 800w's are the phone arew shit oh guess what we will introduce the palm preo ooooo the same fuckin thing as before branch the fuck out im mean jesus at least they are copying the iphone and slider shit instead of coming out with something new they mimicked the same shit i mean c'mon sounds like the fall of palm will help the cell phone idustry by removed another pile of dog shit (palm) shiiiiiiit

14. idiotwind13 posted on 20 Mar 2009, 17:29 0 0

First of all whatever you are trying to say is pretty well incoherent, but you have to look at the Pre objectively. Iphone killer is overused, I never said it was going to kill the Iphone, that phone will always have its niche. The other phones that were supposed Iphone competitors really didnt do anything revolutionary, this does. Watch the demo videos, webOS represents a completely different way of managing information, as well as some really great ideas with respect to the interface. They thought everything through so well, it dropped my jaw, and I have been in the wireless industry for a while. I work for a competitor of Sprint's, and I have no love for any Palm product that has been released in the last five years, but that phone is a game changer, and I didn't say that about the Storm, Voyager, Instinct, or any other phone in the last 2 years. I would bet money it will be big, and apparently a lot of investors agree.

17. E.N. posted on 20 Mar 2009, 22:51 0 0

Maybe you're right, but I guess it helped that an ex-apple worker is one of the design leaders for the pre.

15. ddripp posted on 20 Mar 2009, 18:09 0 0

AMEN! every phone maker want to be an iphone killer, they all failed so far that's exactly why makes APPLE bigger than it already is... they known for computers and ipods, look how much buzz they creating with their 1st phone. 5 years from now if it's continue the way it is, they gonna take over completely.