Palm shares dive after sales shortfall

2010-03-19T10:15:19Z

<div id="subtitle">Palm shares dive after sales shortfall raises doubts on turnaround</div><div><p>Palm Inc. shares plunged Friday after the handheld device maker's latest quarterly report raised questions about the its turnaround effort.</p><p>The company's stock was down $1.52, or 26.9 percent, at $4.13 in afternoon trading. The stock earlier set a new year low of $4.08. Its previous bottom of $5.29 was set W...

Ahead of the Bell: Palm share slide

2010-03-19T08:45:35Z

<div id="subtitle">Palm shares slide with its revenue expectations falling well short of Wall Street expectations</div><div><p>A number of industry experts are raising doubts about the ability of Palm Inc. to turn itself around in an increasingly crowded smartphone market.</p><p>The company's shares slid 15 percent, or 87 cents, to $4.78 ahead of trading Fri...

Palm's phone sales slump and its stock dives

2010-03-19T01:30:21Z

<div id="subtitle">Palm sales slump in third quarter as its new phones struggle for attention; stock hammered</div><div><p>Palm Inc. reported sales figures Thursday that showed it's having a difficult time getting consumers to pay attention to its phones in a market dominated by iPhones and ...

On the Call: Palm CEO Jon Rubinstein

2010-03-19T01:30:19Z

<div id="subtitle">On the Call: Palm CEO Jon Rubinstein, a former Apple executive, discusses product launches</div><div><p>Palm Inc. reported disappointing sales of its smart phones, which it revamped with a brand new operating system last year.</p><p>CEO Jon Rubinstein, who came to Pal from Apple Inc.

Sprint expected to unveil HTC WiMax phone at CTIA

2010-03-17T18:45:43Z

<div><p>NEW YORK (Reuters) - Sprint Nextel will unveil a cellphone from HTC Corp next week that will be the first to support WiMax, Sprint's fastest wireless service, according to analysts.</p><p>Sprint, the No. 3

Palm Inc. teeters in crowded smart phone market

2010-03-11T00:30:25Z

<div id="subtitle">Palm, struggling in turnaround, may find innovative smart phones and software are not enough</div><div><p>Last year, Palm thought it had all the pieces for a turnaround in the market it pioneered: A new CEO known for making the iPod a household name, a sleek new smart phone called the Pre and fresh, intuitive operating software.</p><p>Instead, the company is in danger of going the way of it...

Palms Prospects

2010-03-10T13:18:39Z

In This March 8, 2010 photo, a customer uses a Palm Pre Plus at Best Buy in Mountain View, Calif. Last year, Palm Inc. thought it had all the right pieces for a rebirth in the market it helped create. Palm had a new CEO who helped rival Palm Inc. at a rapid pace this year, worried that the company won't be able to turn its business around with new smart phones because of fierce competition from Apple and BlackBerry.</p><p>T...

S&P cuts outlook on Palm on revenue shortfall

2010-03-04T00:32:17Z

<div id="subtitle">Standard & Poor's cuts outlook on Palm to `negative' following disappointing revenue guidance</div><div><p>Standard & Poor's Ratings Services on Wednesday cut the corporate credit rating outlook on handset maker Palm Inc. to "negative" from "positive" on Wednesday, after the company said weak smart phone sales hurt revenue projections.</p><p>S&P also affirmed its "CCC+...

Palm cuts revenue outlook on weak phone sales

2010-02-28T18:15:13Z

<div><p>NEW YORK (Reuters) - Palm Inc <PALM.O> slashed its revenue targets on weak demand for its smartphones, renewing concerns about its ability to compete against rivals like Apple Inc <AAPL.O> and sending shares down 16 percent.</p><p>The warning came only...

Palm shares continue slide after weak forecast

2010-02-26T13:00:51Z

<div id="subtitle">Palm shares continue slide after weak forecast; UBS, Kaufman cut ratings</div><div><p>Shares of Palm Inc. continued their slide Friday, hurt by a sales forecast that cast doubt on prospects for its new smart phones in a fiercely competitive market.</p><p>The stock was down 19 cents, or 2.9 percent, to $6.34 in afternoon trading. That follows a 19 percent drop on Thursday.</p><p>UB...

Pixi discounts seen hurting Palm profits

2010-02-26T11:00:18Z

<div><p>NEW YORK (Reuters) - Sprint Nextel Corp <S.N> started offering a 50 percent discount on Palm Inc's <PALM.O> Pixi phone on the same day the handset maker cut its revenue target, raising profitability concerns.</p><p>Palm shares fell 4 percent ...

Palm cuts revenue view on weak phone sales

2010-02-25T06:45:38Z

<div><p>NEW YORK (Reuters) - Palm Inc <PALM.O> slashed its fiscal third-quarter and full-year revenue target due to slow consumer demand for its products, dashing hopes its webOS software would help it fend off bigger rivals for now.</p><p>Palm shares fell 18 percent on Thursday after it said it expected quarterly revenue of...

Palm suspends production due to Chinese New Year: source

2010-02-22T10:01:31Z

<div><p>SAN FRANCISCO (Reuters) - Palm Inc is suspending production of its smartphones for the Chinese New Year, as all of them are made in China, but it will resume operations by the end of the month, a source told Reuters on Thursday.</p>&a...

Verizon to sell two Palm phones on Jan 25

2010-02-22T23:55:31Z

<div><p>LAS VEGAS (Reuters) - Palm Inc will sell upgraded versions of its Pre and Pixi smartphones on January 25 through top U.S. mobile carrier Verizon Wireless,...

Palm shares jump on CES, 2010 seen turnaround year

2010-02-22T23:22:53Z

<div><p>NEW YORK (Reuters) - Palm Inc shares jumped 10 percent on Friday after the company announced it will sell smartphones through top U.S. mobile carrier, Verizon Wireless, a deal that analysts said could mar...

Palm Pre, Pixi coming to Verizon Wireless

2010-02-22T23:57:02Z

<div id="subtitle">Upgraded versions of Palm Pre, Pixi coming to Verizon Wireless Jan. 25</div><div><p>Palm Inc. said Thursday that two upgraded versions its Pre and Pixi smart phones will come to Verizon Wireless on Jan. 25.</p><p>...

AT&T plans 7 new smartphones: 2 Palm, 5 Android

2010-02-23T00:31:33Z

<div><p>LAS VEGAS (Reuters) - AT&amp;T Inc plans to sell seven new smartphones in the first half of this year, including two from Palm Inc and five Android handsets from vendors such as Dell I...

Palm shares rise after Morgan Stanley report

2010-02-23T01:08:38Z

<div><p>NEW YORK (Reuters) - Shares in Palm Inc &lt;PALM.O&gt; rose 5 percent on Tuesday after Morgan Stanley started coverage on the smartphone maker with an "overweight" rating.</p><p>Analyst Ehud G...

Tech showcase looks to regain "wow" factor

2010-02-23T01:34:02Z

<div><p>SAN FRANCISCO (Reuters) - Technology leaders from Microsoft to Intel and Nokia will face new rivals; 3D-TV will be all the rage; and a...

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