Disqus
We had heard last week that Palm was planning some layoffs for the holidays, and although we don’t have the number of pink slips being handed out, recent warning of second quarter losses indicate that they hope to shave off $20 million in expenses in order to stay afloat. Palm’s looking at around $190 million for its Q2 earnings, which is down 46% from the same time last year, where they made $367 million. Their latest handset, the Treo Pro, though nothing to scoff at, is clearly not enough to pull Palm out of their downward spiral, and certainly not enough to get them up to the $330.8 million earnings point that analysts were expecting. Of course, the overall economic sitation isn’t helping much, either.
“We are seeing unprecedented dynamics in the global markets as economic uncertainty hampers demand for consumer products,” Ed Colligan, Palm’s chief executive, said in a statement.
Tough break Palm – with the likes of iPhone and BlackBerry rocking the smartphone market, you’ll have an upstream battle to fight here.
[via Yahoo!]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
-
AS147
