Treo Forums | Everything Treo - View Single Post

medenblik · 11-28-2006, 01:49 PM

A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
November 27, 2006 5:10 p.m.

Palm Inc. warned its quarterly profit and sales would fall short of its prior forecasts, citing a delay in releasing its newest Treo smartphone in the U.S.

Palm said it expects to start shipping the Treo 750 in the U.S. "early" in its fiscal third quarter, which begins Dec. 2. The company had previously expected to ship the device, which runs Microsoft Corp.'s Windows software, in the current quarter.

Shares of Palm fell 4.4% to $14.70 in late trading on the news.

The Sunnyvale, Calif., company is under siege by a number of new players trying to tap into the growing demand for email and Internet access on-the-go. Palm has responded by releasing a series of new models this year, including the lower-priced Treo 680 and a version of the Treo 750 for the European market.

Palm now expects to post earnings of 10 cents to 11 cents a share for the quarter ending Dec. 1, down from a prior range of 15 cents to 18 cents a share. It sees quarterly revenue of $390 million to $395 million, down from a prior outlook of $430 million to $450 million.

The company will release its second quarter results on Dec. 19.

11-28-2006, 01:49 PM	#1 (permalink)
medenblik Join Date: Oct 2006 Location: EARTH Posts: 19 Thanks: 0 Thanked 0 Times in 0 Posts	Found this about 750...DEC 2nd A WALL STREET JOURNAL ONLINE NEWS ROUNDUP November 27, 2006 5:10 p.m. Palm Inc. warned its quarterly profit and sales would fall short of its prior forecasts, citing a delay in releasing its newest Treo smartphone in the U.S. Palm said it expects to start shipping the Treo 750 in the U.S. "early" in its fiscal third quarter, which begins Dec. 2. The company had previously expected to ship the device, which runs Microsoft Corp.'s Windows software, in the current quarter. Shares of Palm fell 4.4% to $14.70 in late trading on the news. The Sunnyvale, Calif., company is under siege by a number of new players trying to tap into the growing demand for email and Internet access on-the-go. Palm has responded by releasing a series of new models this year, including the lower-priced Treo 680 and a version of the Treo 750 for the European market. Palm now expects to post earnings of 10 cents to 11 cents a share for the quarter ending Dec. 1, down from a prior range of 15 cents to 18 cents a share. It sees quarterly revenue of $390 million to $395 million, down from a prior outlook of $430 million to $450 million. The company will release its second quarter results on Dec. 19.