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Palm's revenue slips

Share price falls off a cliff
Fri Mar 19 2010, 17:48

DYING HANDSET MANUFACTURER Palm has reported another dire set of results despite showing a resurgence in unit sales.

For the quarter ending 26 February 2010, the old lady of PDAs managed to rack up a $22 million loss. Although sales were up, they were far lower than expected and unsurprisingly the firm's stock price took a battering, dropping over 25 per cent.

Palm's CEO was unable to hide his disgust at the shambolic performance of his firm, labeling the results as "underperformance" and "very disappointing". He tried to gloss over those damning public comments by calling the firm's Web OS "unique" and "highly differentiated".

The firm is facing up to the fact that its Palm Pre simply isn't fulfilling its prophecy with recent figures showing that the firm's headline device is indeed highly differentiated from the crowd, lagging badly in usage statistics.

The Palm Pre was welcomed with open arms at CES 2009 and hailed as the first competent replacement for Apple's Iphone. Palm followed up with delays and botched international launches to all but cripple the device's chances.

With the stock price falling at an alarming rate, Palm will soon have to circle the wagons in order to fend off takeover bids. Sadly for Palm, its Web OS and the Palm Pre might have been too little and come too late to save the firm. µ

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Comments
Management flop again

And yet again we see the fruits of having bean-counter idiots who are incapable of performing even basic living skills at the helm of a tech company.

But when Palm slips to oblivion by the hand of those incompetent fools, it does not end there. No, those same know-it-alls will go to other companies and even brag about how they worked in a big company, bla, bla, but nobody asks (for those positions) what happened to that company and how was their performance.

Their performance is, even in prize examples, tepid at best, because they make decisions and immediately transfer the blame to workers and such, which had nothing to do with the decision of course.

And that is all they are good at, period!

posted by : Psihomodo, 22 March 2010 Complain about this comment
You can't sell much if you don't have products

Palm really dropped the ball with R&D and marketing. They are several years behind with certain features. Products need to do more than the competition and not miss key features. They are seen as old tech and have become buggy and an incomplete package. They have to improve the overall customer experience and regain the 'cool' factor.

posted by : tygrus, 21 March 2010 Complain about this comment
Idiots

Ok, the real reason Palms is dying is that they came out with ONE phone with ONE carrier. If they really were serious about making a comeback, they would have had the Pre AND a touch-only model, (thank you) and made them available to all the large carriers. Clearly we have some clueless journalists around here because the obvious reason for devices like this dying is because hardly anyone can actually buy one. We are not going to pay the penalty on our current contract and switch to a second-class carrier just to get one of these things.

posted by : J-Rod, 20 March 2010 Complain about this comment
Pre

i almost grabbed a pre, but the thing that really turned me off was the fact i couldn't expand the memory with a micro SD, your stuck with the 8gb...

posted by : GIO, 20 March 2010 Complain about this comment
There are no comments submitted yet

Oh godddmn, I am the first and the only to comment...even Doschek is not interested.

Deadly booooring company...boring designs of everything...obsolete specs even at announcement time...nothing ever done exciting since last century.

If you want example of technical crappery picture this: gray soap box-looking PDA with 16 MB of RAM.

posted by : Slava, 19 March 2010 Complain about this comment
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