Palm, the smartphone maker thatreportedquarterlyresultsThursday,is expecting weak revenues andelusiveprofits forthenext fewquarters. But unlike other tech companies thatareblamingdecliningresults on deteriorating global demand, Palmisn’tholdingtheeconomy responsibleforitsoutlook.
Palm is hoping that people will buy more Treos
The company, which makes the Treo and Centrosmartphones,isinthemidst of a turnaround effort. For its fiscalfirstquarterthatendedAugust 31, Palm posted a net loss of$39.5million,comparedwith anet loss of $841,000 a yearearlier.Revenues were$366.9million, upfrom $360.8 million a yearago.
Revenues will likely fall for its currentquarterthatendsinNovember, Palm said. But while companies suchasDellandIngramMicro warned earlier this week that thattheywereseeingsoftening demand for techproducts, PalmCEOEdColligansaid his forecast is mostly dueto Palm-specificfactors.
In particular, Palm doesn’t plantoreleaseitsnext-generationsmartphone softwareplatformandnext-generationhandsets–which areexpected to powernewgrowth–untilnext year.Meanwhile, sales ofthe latest Treosmartphoneare onlyjuststarting to ramp up assales of the Centrosmartphonemature.AndPalm’s handheld computerline also continues towinddown,saidColligan.
“Clearly we’re seeing unprecedentedmacroeconomicthings(happen)that could have an impact” on us,saidColligan.“Butwe’re notseeing an impact yet.” Still, headded,“we’recertainlytrying to becautious.”
–Pui-Wing Tam
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