PalmOne soars on swing to profit

Colin Dunstan · 09-21-2004, 05:54 AM

PalmOne Inc swung to a profit in its first quarter from a year-earlier loss on a 62 percent jump in revenue, spurred by solid sales of its Treo 600 mobile phone and other handheld digital devices. The good results caused PalmOne shares (PLMO) to soar nearly 16 percent in after-hours trading after jumping 4.6 percent in regular trading on Nasdaq.

According to PalmOne, it shipped some 981,000 handhelds, including Treo as well as Zire and Tungsten devices, which do not include mobile phones.

It looks like PocketPC hasn't completely taken over yet

Alexander Turcic · 09-22-2004, 09:47 AM

Quote:

Originally Posted by Morpheus

It looks like PocketPC hasn't completely taken over yet

Yup, but palmOne's forecast doesn't look so rosy; at its earnings conference PalmOne cautioned that the second quarter earnings would likely be significantly below analyst expectations.... which may explain why the stock fell 15% on Tuesday ;(

Laurens · 09-22-2004, 10:47 AM

Yes, the earnings forecast has effectively undone the gains made earlier. Still, PalmOne is in better shape than they were six months ago.

I'm actually more worried about PalmSource. They'd better come up with a major licensee or else the spin-off from Palm will prove to have been unnecessary. I recall that the reason for spinning off PalmSource was to attract more licensees. I wouldn't be surprised if PalmOne and PalmSource would merge again in the future. Anyway, I'm just playing armchair analyst here.

Colin Dunstan · 09-23-2004, 05:04 AM

Heh I share your concerns about palmSource, Laurens. Sony was by far their biggest licensee, and I cannot imagine the turmoil Sony's exit must have caused inside palmSource's headquarter buildings.

09-21-2004, 05:54 AM	#1
Colin Dunstan Is papyrophobic! Posts: 1,926 Karma: 1009999 Join Date: Aug 2003 Location: USA Device: Dell Axim	PalmOne soars on swing to profit PalmOne Inc swung to a profit in its first quarter from a year-earlier loss on a 62 percent jump in revenue, spurred by solid sales of its Treo 600 mobile phone and other handheld digital devices. The good results caused PalmOne shares (PLMO) to soar nearly 16 percent in after-hours trading after jumping 4.6 percent in regular trading on Nasdaq. According to PalmOne, it shipped some 981,000 handhelds, including Treo as well as Zire and Tungsten devices, which do not include mobile phones. It looks like PocketPC hasn't completely taken over yet

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09-22-2004, 10:47 AM	#3
Laurens Jah Blessed Posts: 1,295 Karma: 1373 Join Date: Apr 2003 Location: The Netherlands Device: iPod Touch	Yes, the earnings forecast has effectively undone the gains made earlier. Still, PalmOne is in better shape than they were six months ago. I'm actually more worried about PalmSource. They'd better come up with a major licensee or else the spin-off from Palm will prove to have been unnecessary. I recall that the reason for spinning off PalmSource was to attract more licensees. I wouldn't be surprised if PalmOne and PalmSource would merge again in the future. Anyway, I'm just playing armchair analyst here.

09-23-2004, 05:04 AM	#4
Colin Dunstan Is papyrophobic! Posts: 1,926 Karma: 1009999 Join Date: Aug 2003 Location: USA Device: Dell Axim	Heh I share your concerns about palmSource, Laurens. Sony was by far their biggest licensee, and I cannot imagine the turmoil Sony's exit must have caused inside palmSource's headquarter buildings.

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