Palm's profits go down the drain - posts huge 1Q loss

Published: October 2, 2007, 2:37 pm

Tags: financial, palm, announcements, antique, dying, fall, losses, old, os, palm, palm os

Palm is dying, and here’s the first indication. The critically “unnovative” (sic) Palm has just posted their 1Q report, and it looks like Palm is $841,000 in the red. Compare this with the $16 million profit that the company posted a year ago, and you can see the makings of an empire in collapse. Palm needs to put out something new, and fast. The company seems to be holding press events that announce nothing new, all the while trying to market ho-hum devices with an antique OS and questionable design. Their next “new” release is slated for the end of next year. So the question is, can Palm hold out that long (especially with quarterly losses topping three-quarters of a million?)? Good luck, Palm. You’re going to need it. [Via: Bloomberg] ---Related Articles at IntoMobile:E-Ten posts 1H 2007 net profits up 73%Mobile phones may not cause cancer but may cause hearing lossPalm's Ed Colligan talks new OS to investors; We've heard it all

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