Palm’s profits go down the drain – posts huge 1Q loss
By Will Park on Tuesday, October 2nd, 2007 at 12:37 PM PST In Announcements, Financial/Corporate News, Palm
Palm is dying, and here’s the first indication. The critically “unnovative” (sic) Palm (NSDQ: 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]
you are officially a dope – a “HUGE” loss of $750 thousand dollars? that’s a rounding error in financial terms – have you looked at Palm’s balance sheet? do you know what a balance sheet is? PLEASE don’t comment on things about which you know next to nothing – stick to shilling for that piece of garbage Windows Mobile – its on version 6 and they still aren’t close to having it right -