Something has to be done - Palm posts 43% drop in profit

We all know Palm (NSDQ: PALM) needs to reinvent itself. Their latest earnings report further emphasize the idea, as the maker of the popular Treo handsets reported a 43% drop in profit from the year-ago quarter all while experiencing cost increases. Gandolf is coming, but will it help? I’m quite sure betting on Foleo won’t pay off, so what’s next for Palm? To wait another year for the new version of Palm OS? They need more new products. As we can see from RIM’s example that works — BlackBerry (NSDQ: RIMM) maker reported a 76.5% increase in revenue from the same quarter a year ago.

C’mon Palm, don’t let us down. I still remember touching the first Palm III. What an experience that was.

[Via: Engadget]