Subscribe to this page now.

Palm unable to deliver device, affects Q2 numbers

12/07, 12:00am

Palm preliminary Q2 2008

Palm on Thursday announced its preliminary second quarter financial results for the 2008 fiscal year, which ended November 30th, falling short of previous forecasts based in part on a failed "mystery" product launch. Palm expects earnings to sit between $345 to $350 million, close to $30 million short of its October 1st projections for the first quarter. Palm expects gross margin to be within 29.3- to 29.8-percent on a GAAP basis. The gross margin reflects an as-of-yet unforeseen increase in warranty repairs over the course of the quarter, partly due to higher-than-expected shipments of Palm's new Centro smartphone, and a delay in product shipment.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Cat B100

    Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

    Linksys EA6900 AC Router

    As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

    D-Link DIR-510L 802.11AC travel router

    Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News