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.
