Palm reports $9.63 million loss

Palm has reported a loss of $9.63 million (£4.8 million) for the last quarter (ending 30 November), having made a profit of $12 million (£6 million) in the same period of last year.

The company blamed higher than expected warranty costs as well as shipping delays for the losses, which were not unexpected following last week's news that the company was shedding 10 per centof its workforce as part of a wholesale restructuring.

"It's a transformational time so things could be a bit lumpy, but we'll do our best to manage through that," said chief executive Ed Colligan. "Ultimately we have to deliver and retake the mantle of leadership for design and execution."

"We've taken actions to align our expenses to the current operating environment and are focusing on core initiatives that will have the greatest impact on achieving our long-term success."

However it was not all bad news. Sales of the $100 Centro smartphone beat all predictions, so much so that the company is concerned there may be shortages next year when it becomes available from all US network carriers.

International release plans have not been disclosed.

Mobile phone news, reviews, themes and downloads at Know Your Mobile

Email to a friend

Print this page

Social Bookmark this article: What is this?

Digg

Delicious

Reddit

StumbleUpon

Slashdot

Google

Facebook