Palm, Inc. today indicated that it expects that revenues for the third quarter of fiscal year 2010 will be in the range of $285 million to $310 million on a GAAP basis and in the range of $300 million to $320 million on a non-GAAP basis.1 Revenues for the quarter and full year are being impacted by slower than expected consumer adoption of the company's products that has resulted in lower than expected order volumes from carriers and the deferral of orders to future periods. Accordingly, Palm expects fiscal year 2010 revenues to be well below its previously forecasted range of $1.6 billion to $1.8 billion. The company will provide more detail on its financial results during Palm's third-quarter financial results conference call currently scheduled for Thursday, March 18.
"Palm webOS is recognized as a groundbreaking platform that enables one of the best smartphone experiences available today, and our work to evolve the platform and bring industry-leading technology to market continues. However, driving broad consumer adoption of Palm products is taking longer than we anticipated," said Jon Rubinstein, chairman and chief executive officer. "Our carrier partners remain committed, and we are working closely with them to increase awareness and drive sales of our differentiated Palm products."
The Company expects to close its third fiscal quarter with a cash, cash equivalents and short-term investments balance in excess of $500 million.
About Palm, Inc.
Palm, Inc. creates intuitive and powerful mobile experiences that enable consumers and businesses to connect to their information in more useful and usable ways. The company's groundbreaking Palm webOS platform, designed exclusively for mobile application, introduces true multitasking and Palm Synergy, which brings your information from the many places it resides into a single, more comprehensive view of your life.
Thursday, February 25, 2010
Monday, January 18, 2010
If you're serious about photography or video, look no further than SanDisk
Imagine always having the power and performance necessary to capture that perfect shot or film that spur-of-the-moment scene. Proven durability and a great warranty are icing on the cake!
Saturday, January 16, 2010
Thursday, January 14, 2010
Alvin and the Chipmunks 2 Movie
Synopsis
“Alvin and The Chipmunks 2” brings back our favorite furry brothers, Alvin, Simon and Theodore. Those world’s favorite talking, singing and dancing chipmunks meet their matches when the Chipettes show up in school. When the boys and girls go head to head, it’s twice the mischief, mayhem and fun as they ultimately team up to save the day in this big family comedy event!
Director : Betty Thomas
Cast : Jason Lee, Cameron Richardson
Duration : 89 mins
Black Ransom Movie
Synopsis
Director : KEUNG KWOK MAN
Cast : SIMON YAM, MIU KIU WAI, FALA CHAN
Duration : 93 mins
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