Palm ships 960,000 smartphones in Q3
www.WirelessFederation.com/news: A total number of 960,000 smartphones have been shipped by handset maker Palm in its fiscal third quarter to February 26. The shipment has increased by almost 300 percent from a year earlier. However, the sell through of the smartphones went down 15% year-over-year with 408,000 units sold for the quarter.
The revenues of the company increased from USD 90.6 million a year earlier to USD 349.9 million. As per the accounting standards related to revenue recognition released recently, these results include the effects of accounting for multiple-element arrangements. It also includes ratable revenue recognition for the future deliverables for Palm webOS products as required by GAAP.
From USD 98 million or USD 0.89 per diluted common share, the net loss attributable to common stockholders narrowed to USD 22 million or USD 0.13 per diluted common share. The EBITDA loss also increased from USD 78.6 million in the year-ago quarter to USD 90.2 million. Cash and cash equivalents totaled to USD 376.2 million at the end of the third quarter.
Bell Mobility & Palm to debut Palm Pre in Canada
www.WirelessFederation.com/news: Palm and Bell Mobility have joined hands to debut the Palm Pre, the first phone based on the new Palm WebOS mobile platform in Canada. The handset will operate on Bell’s 3G network from H2’09. Palm WebOS is the first mobile platform to automatically bring all information from many places – on phone, at work or on the web – into one integrated view. The Palm Pre features 3G EVDO Rev. A high-speed connectivity, integrated GPS, a 3.1 inch touch screen with a 24-bit colour 320×480 resolution HVGA display, a slide-out QWERTY keyboard, a 3 mega pixel camera with LED flash and extended depth of field, and a standard 3.5mm headset jack, Bluetooth 2.1 + EDR with A2DP stereo Bluetooth support, 8GB internal memory, USB mass storage mode, MicroUSB connector with USB 2.0 Hi-Speed, proximity and light sensor, an accelerometer that automatically orients web pages and photos to perspective, Wi-Fi 802.11 b/g and a ringer switch that silences the device with one touch.
