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SmartPhoneToday > News > Palm Posts a Loss Despite Revenue growth

Palm Posts a Loss Despite Revenue growth

By
March 28, 2001

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Recent Palm Highlights
"Revenue and shipments in the third quarter showed strong year-over-year growth, reflecting a conviction from individual consumers and enterprise customers that Palm handheld computers enhance lifestyles and work productivity, and keep people connected," said Carl Yankowski, Palm's chief executive officer. "Over 1,000 new software applications -- many for enterprise and communications uses -- came to market in the quarter for Palm Powered(TM) devices, demonstrating great long-term confidence in our view of computing. With approximately 150,000 registered Palm developers and more than 8,500 software applications available commercially for Palm OS(R)
handhelds, the market is telling us we've made the right strategic choices and
the right tradeoffs for a superior user experience."

Other recent highlights

-- Palm announced its m500 series handhelds running on its new powerful Version 4.0 operating system, which includes 16-bit color and increased security and has support for telephony. This new high-end product line features a Secure Digital and MultiMediaCard expansion slot and enhanced mobile connectivity -- all in an improved, sleek Palm V-like form factor with a Universal Connector and USB connectivity. The m505 handheld has an energy-efficient color screen that is viewable in all lighting conditions, even in bright sunlight;

-- Palm added a second member to its m100 entry-level family with the m105, which features added memory and software for email and Internet connectivity, plus the new standard Palm Universal Connector with USB connectivity;

-- Palm launched the beta version of the MyPalm(TM) personal mobile portal, reflecting the successful integration of its AnyDay.com acquisition. The MyPalm portal has registered approximately 270,000 users since its beta rollout in late December; and

-- Palm entered into an alliance with Sprint PCS to co-brand and co-market CDMA wireless products and services in North America.

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