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Palm’s results in

PalmPalm has just released their earning results for the fiscal first quarter at $27.2 million USD, or 25 cents per share, up from $17.7 million USD, or 17 cents per share, from a year ago. Palm’s revenue grew 20% to $403.1 million USD from $335.8 million USD. Analysts polled by Thomson Financial were expecting earnings of 23 cents per share on revenue of $401.7 million USD.

The company said Treo sales reached a milestone, surpassing for the first time $1 billion in annual revenue as it shipped 2.3 million units in its fiscal 2006.

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3 Responses to “Palm’s results in”

  1. BlackBerry Cool » Analysts calling for Palm to be sold
    July 4th, 2006 09:10
    1

    […] Analysts at The Motley Fool have taken a close look at Palm’s recent earnings report and have weighed in that it might be time for them to sell. Fool analyst, Tim Beyers, says: “Palm competes in a highly competitive market with few, if any, meaningful competitive advantages.” […]

  2. BlackBerry Cool » Will Palm Rebound?
    July 6th, 2006 09:44
    2

    […] That’s the question being asked in a recent Globe and Mail article. With all the rumors surrounding a Palm buyout, and a 10% stock slide in response to their poor fiscal showing last week (with lower than expected results for last quarter and a lowered guidance for next quarter), it’s a legitimate question. If you’re looking for answers, however, you’re going to find mixed views from the “experts.” […]

  3. BlackBerry Cool » ThoughtPiece: What Now for Palm?
    October 9th, 2006 22:40
    3

    […] Back by popular demand (although it’s not like anything could stop him from talking BlackBerry anyways), Thought delivers another editorial about the business of the wireless industry. This time, our man Thought tackles Palm and the reasons for their recent floundering. Don’t get us wrong, Palm is still doing OK, but from their recent so-so financial results, to their OS problems and the ever constant buy out rumor, maybe OK isn’t good enough. Take it away, Thought. […]

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