Handheld Makers Look For Better Days - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Handheld Makers Look For Better Days

Depressed sales, including a weak spring gift-buying season, are taking a toll on handheld makers. Palm Inc. posted a fourth-quarter loss last week, though it was significantly less than its loss in the year-ago quarter. Research In Motion Ltd., creator of the popular BlackBerry, is expected this week to report reduced quarterly earnings.

Palm expects to come close to breaking even in this quarter and may hit double-digit growth rates by next spring, CFO Judy Bruner says. But Pacific Coast Securities analyst James Faucette says IT spending will have to improve "pretty substantially" for that to happen.

Palm reported a net loss of $27.5 million, or 5 cents a share, for the quarter ended May 31, up from $392.1 million, or 69 cents, a year ago. The loss came despite a 41% jump in quarterly revenue to $233.3 million, up from $165.3 million in the year-ago quarter. For the year, Palm logged a net loss of $82.2 million, up from $356.5 million a year ago. Revenue was down 37% to $1.0 billion.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll