Disqus
Palm has reported losses that fell well short of analysts estimates for the third-quarter of 2008:
The net loss expanded to $95 million, or 89 cents a share, from $54.7 million, or 53 cents, a year earlier, Palm said in a statement on Thursday. Excluding costs for stock-based compensation and other items, the loss of 86 cents a share missed the average 57-cent estimate of analysts surveyed by Bloomberg.
Not good, especially when you consider that palm has reported losses in the last seven quarters. Times are tough.
Palm is of course hinging all hopes on the upcoming launch of the Palm Pre. Will the Pre be Palm’s savior, or will it fall short of the mark? All information to-date would lead one to believe the Pre will guide Palm to greener pastures, but stranger things have happened. Rumblings of next gen iPhone models (and more) are now coming out in the Blogosphere… It could very well be that Apple hopes to swoop in and steal a portion Palm’s thunder this spring/summer.
No matter which way you slice it, I plan on picking up a Pre AND any new iPhone model that Apple may produce. Yeah, I’m a mobile junkie, I admit it.
[Via: The New York Times]
About The Author
James Falconer
James was born and raised in Winnipeg, Canada. Almost 15 years ago he started out in the 'real world' as a web and graphic designer. Through the years he has finely tuned his skills in SEO, internet marketing, conversion strategy, and project management. To date, he runs his own successful consulting business where he advises companies all over the globe. A co-founder of www.crackberry.com, and sole proprietor of www.mactropolis.com, James in recent years has become very active in the tech blogosphere. Online community building and strategy is fast becoming one of his passions. Watch for James' no frills attitude, unique perspective and to-the-point comments here on IntoMobile!
