Executives at handheld computer maker Palm were giving each other high-fives around the office late Thursday.
The Santa Clara, Calif.-based company with the new split personality said it had just recorded a $2.9 million net profit - or a penny-per-share - for its third quarter, which ended March 1.
That was still not good enough for the company's bottom line, which showed a loss of $14 million, or 2 cents a share, compared with a profit of $9.3 million, or 2 cents per share, for the third quarter of 2001. A smattering of analysts from Thompson's First Call had estimated somewhere between 2 cents to 7 cents
SPOTLIGHT: Palm sells millionth Centro - FierceMobileIT:: I guess it just goes to show that if you can offer the Microsoft predicts huge growth ahead for Windows Mobile. Nokia: New E-series phones due in Q3 http://www.fiercemobileit.com/story/spotlight-palm-sells-milliontmedium=rss&utm_source=rssHOME | MorePalm News:: PDAmill releases Snails for Palm OS 5 shows that they numbers were down for Q3, down 15% from Q2 and 52% from Q3 last year. http://www.dgotech.com/morepalm/news.htmlHOME | Except for some inventory costs, the company reported revenues of $292.7 million for the third quarter of fiscal 2002, ended March 1, up 1 percent from the $290.6 million reported in the preceding fiscal quarter and down 38 percent from the $470.8 million reported for the comparable period last year.
"We're pleased to report our third consecutive quarter of improved financial results, despite the traditional post holiday seasonal slowdown," said Palm's chairman and CEO Eric Benhamou. "Tangible progress across virtually every aspect of our income statement and balance sheet gives us increased confidence in our ability to execute and to return to profitability."
Palms (PALM) Foleo pulled; financing in question - BloggingStocks:: Rentech-RTK: Q3 Earnings Conference Call Summary Linkalert For Firefox Shows What Youre Clicking. Manoel Bernardes Jewelry http://www.bloggingstocks.com/2007/09/05/palms-foleo-pulled-financing-in-questionHOME | InternetNews Realtime IT News - Report: Palm, Handspring Communicators :: claims that devices from Palm and Handspring that combine Palm Shows Growth For Q3. Palm Unveils Its Own Browser. Handango, Handspring in Software Pact http://www.internetnews.com/bus-news/article.php/997531HOME | The No. 1 handheld computer maker said its data included its spin-off software division PalmSource.
This was the quarter that Palm debuted its i705 wireless handheld device.
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