Palm Reveals Treo 750 US Launch During Financial Guidance

Palm Reveals Treo 750 US Launch During Financial Guidance

November 27, 2006

By: Christopher Meinck

Palm today announced updated financial guidance for the second quarter of fiscal year 2007, ending Dec. 1. In the statement, it was revealed the Treo 750 would ship early in Q3 FY07.

“Smartphone sell-through across our existing products is strong, reflecting solid business fundamentals in the face of significant competitive pressure,” said Ed Colligan, Palm president and chief executive officer. “However, our Q2 FY07 revenue will be constrained by a delay in certification of a key product. We now expect to start shipping the Treo 750 for the U.S. market early in Q3 FY07. Our Treo 750v launch in Europe is doing quite well, and we expect international revenue for Q2 FY07 to be strong.”

With 2Q FY07 ending December 1st, that means we are currently in Q3 FY07 meaning we could see the release of the Treo 750 very soon. As we reported, a rebate form showed up on Cingular’s website that included the Treo 750.

Palm currently expects revenue to be in the range of $390 million to $395 million for the second quarter of fiscal year 2007. This compares with earlier guidance of $430 million to $450 million provided Sept. 21, when Palm reported its first quarter fiscal year 2007 results. The revenue shortfall is due primarily to a delay in completing the certification process for a product that the company had previously expected to ship within the quarter.

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