Palm's preliminary quarter-end results show drooping revenues, bleak outlook

Remember when we used to write about Palm in order to talk about its devices and / or operating system(s)? Man, those were the days. Now, it just seems like one sadness-filled report after another, and just days after hearing that it would be cutting an undisclosed amount of employees in order to trim operating expenses, in comes even more doom and gloom courtesy of its preliminary Q2 (fiscal year 2009) results. The company is expecting to record revenues ranging between $190 million to $195 million, far short of the $331 million Wall Street had been counting on. The shortfall was blamed on "a difficult economic environment [which had] greatly intensified the negative impact on product sales." Of course, the visionary Ed Colligan (CEO) still maintains that by reducing its cost structure it can "launch next-generation products as planned," but seriously, why should we believe that line now? Time to put up or shut up, Palm.

[Via CNET, image courtesy of PalmFocus]

[(Unverified) Posted Dec 2nd 2008 10:02AM]

Time to start the palm deathwatch?

[(Unverified) Posted Dec 2nd 2008 12:02PM]

Start? Its rotting corpse is stinking up the entire smartphone world. Enbalm and torch it already!

[(Unverified) Posted Dec 2nd 2008 10:22AM]

Palm sucks period. RIM is where it's at.

[(Unverified) Posted Dec 2nd 2008 5:46PM]

Palm does not suck. Their business plan sucks. If they even have one.

[derX Posted Dec 2nd 2008 10:49AM]

Quite the surprise.

No, really.

[keithwwalker Posted Dec 3rd 2008 10:34AM]

One mistake after another. Why not colaborate with Access on their next gen OS? If you have a WM phone, download Access' Netfront 3.5 browser and see how good it could of been for Palm...

[(Unverified) Posted Dec 12th 2008 6:12AM]

Exceptional beauty!

pdaaccessories.com/list-Palm.asp