Printed from http://www.electronista.com

Palm reports profit, no takeover in sight

updated 04:30 pm EDT, Thu March 22, 2007

No Palm Takeover in Sight

Palm late on Thursday revealed that it had turned a profit in its most recent quarter, earning $11.8 million. The company added that it had also smashed its all-time sales record, with sales jumping over 30 percent year-to-year and 738,000 of its Treo smartphones trading hands. Similar results should follow throughout the rest of the spring, Palm said.

Conspicuously, the company has made no mention of the hotly-speculated takeover bid that had reportedly been in the works for the company's fiscal report today, suggesting either a delay or an inaccurate source. Speculation had reached a fever pitch yesterday when it was claimed that Motorola led bidding in an attempt to counter Apple and Research in Motion.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Patriot Stellar Boost XT 64GB USB 3.0 drive

A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

Sponsor

toggle

Most Commented

 
toggle

Popular News