Palm loses, but is optimistic

Palm Company announced its financial results for the previous quarter (for her it was the third quarter of fiscal year 2009). Deliveries of smartphones Palm during the period amounted to only 482 000 devices, falling quite substantially - by 42% compared to same period last year. Profit from sales of smartphones and even dropped by 72% compared to last year, which makes the company a net loss of $ 98 million ($ 0.89 per share). Total revenue for the Palm quarter was $ 90.6 million, profits from sales of smartphones - $ 77.5 million. However, despite the losses in the Palm do not panic: the company president Ed Kolligan (Ed Colligan) noted that the company has gone through the interim period and has made significant progress towards its goals and now continues to move forward. "There comes a new era of Palm", - he said.

Palm Company also reported an increase in the number of its shares from 18.5 million to 23.1 million. As a result, she plans to get an additional $ 103.6 million profit. For comparison, the cost of a quarter are, on average, $ 95 - $ 100 million. It should be noted that, in their optimistic projections, Palm hopes largely on the successful sales of its new smartphone Palm Pre. The device is based on the new operating system webOS, which also have high expectations. It may be that the best times for the Palm is still not in sight. At least, some analysts have raised their expectations about the prospects of the company.