Palm Inc.'s fiscal third quarter yielded revenue of $312 million but a loss in net income of $31.5 million, despite a 13% rise in handset unit sales. Revenue was down 24% from the year-ago quarter and net income dropped even more sharply -- in...
Aloft Media L.L.C. has sued several wireless handset giants over alleged infringement of a patent for transferring contact information using a mobile phone. Aloft Media, based in Longview, Texas, names as defendants Nokia, Motorola Inc., Palm Inc. Research in Motion Ltd. and Sony Ericsson...
One popular handset does not a successful vendor make. But in Palm Inc.'s case, the launch of its popular, $100 Centro smartphone at AT&T Mobility in a GSM, quad-band world format, may help the company recapture mindshare and produce cash flow. The Centro first...
Palm Inc. will close all but one of its retail stores over the next five weeks, in keeping with its effort to cut costs and focus on its next-generation smartphone platform, according to the company.Palm has eight branded stores in California and 26 "stores...
Palm Inc. almost looks like two companies these days, depending on which way the light strikes.Palm is focused on keeping the productivity-based Treo line from slipping into irrelevance, while it experiments with form factors and features for a future in the consumer market.This past/future...
Palm Inc.'s fiscal second-quarter results and its outlook for the next quarter, announced yesterday, took its stock down nearly 10%, to the lowest point in four years. The smartphone company reported a net loss of $9.6 million on modest revenue. The company's revenue reached...
The day before Palm Inc. delivers its latest quarterly results-for the fiscal second quarter ending Nov. 30-a "key product" it missed delivering earlier in the holiday spending season has arrived at Verizon Wireless.The Treo 755p, priced at $300 online, with contract, will also be...
Palm Inc., which employs about 1,250 people, yesterday made job cuts of undisclosed magnitude, the company said."Palm is working to sharpen its focus and better align resources behind core initiatives that will make the greatest impact to our business," the company said in a...
Palm Inc.'s stock plunged more than 16% after the company acknowledged that "a key product" failed to launch in the lucrative fourth quarter, that sales would badly miss its own estimates and that a financial loss loomed.The company's quarterly revenue is now expected in...
As the wireless industry kicks into high gear for the upcoming holiday shopping season, and handset makers pull out all the stops to hype their latest offerings, now seems a good time to take a tour of some similarly much-hyped phones from the industry's...
A new survey finds that U.S.-based users of Research In Motion Ltd.'s BlackBerry devices are the most satisfied with their handsets among smartphone users. That may not sound like a surprise to anyone who knows that RIM is by far the largest market share...
The first glimmer of quantifiable iPhone impacts is in, courtesy of NPD Group.The news is not-so-good for Palm Inc. and carriers T-Mobile USA Inc. and Alltel Corp. Research In Motion Ltd., however, appears to have nothing to fear.The top-tier carriers report third-quarter earnings beginning...
Palm Inc. is down, but not out. The smartphone maker has struggled to develop a new operating system, bring relevant devices to market and seen its market share plunge-and just posted a loss of $841,000 for its first fiscal quarter, which ended Aug. 31....
Nokia Corp. introduced a beta version of a downloadable application that groups text conversations by contact.Conversations, as the offering is dubbed, enables threaded SMS messages similar to offerings available on the Apple Inc. iPhone, Palm Inc. Treos and Windows Mobile-enabled handsets. The application is...
NTP Inc. is at it again.The Virginia-based patent-holding company last week filed patent-infringement lawsuits against all four tier-one U.S. carriers, claiming the operators are violating eight patents for mobile e-mail services. Verizon Wireless and Sprint Nextel Corp. declined to comment last week; AT&T Mobility...
Give Palm Inc.'s CEO Ed Colligan credit for straight talk, which may bode well for the company's new direction and ultimate survival. Colligan yesterday delivered a difficult message with a silver lining to Palm's customers, partners and developers: he's cancelling the Foleo product, which...
Movero Technology Inc. is hoping to strike a chord under a new brand name: Maestro.The Austin, Texas-based startup, which offers solutions for businesses looking to deploy and manage mobile devices, upgraded its platform and this week plans to begin marketing its wares with the...
A mistake in a media report earlier this month suggesting that Nokia Corp. had sold as many as 450,000 units of its high-end N95 handset in the United States during the second quarter immediately set chins to wagging.The N95 packs advanced Web browsing, multimedia...
VIENNA, Va.-Although Sprint Nextel Corp. made headlines yesterday with news of its WiMAX branding and push-to-talk plans, the carrier also-apparently inadvertently-gave its "Technology Summit" attendees a glimpse of several as-yet-unannounced handsets. Although Sprint Nextel representatives refused to allow attendees to take pictures of the...
It's beginning to look like all that money being poured into mobile search may end up in the pockets of patent lawyers.Shares of Local.com Corp. skyrocketed last week after the online search company said it had received a patent for ad-supported mobile search. The...
BlackBerry maker Research in Motion Ltd. saw its stock jump more than 20% in early trading after it reported a 76.5% increase in revenue from the same quarter a year ago. Meanwhile, smartphone rival Palm Inc.'s stock is down nearly 4% after it reported...
Executives at Palm Inc. appear to believe they've bought the time and talent to move from less than 3% of the smartphone market to leadership in mobile computing.To paraphrase Neil Armstrong, that's a giant leap . for any company, analysts said. This is perhaps...
Long-running speculation that Palm Inc. has been a takeover target may abate now that the company has received a $325 million infusion of private capital from Elevation Partners-a 25% stake-in a recapitalization effort to move the company ahead in smartphone and mobile computing markets.The...
Alltel Corp., the nation's fifth-largest carrier, discounted two smartphones over the past week, dropping prices on the Palm Inc. Treo 650 to $150 (from $200) and the UTStarcom PPC6700 to $200 (from $250). T-Mobile USA Inc., fourth-largest in the nation, also lowered the price...
