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

    Tablo DVR

    With over-the-top content options growing past Hulu and Netflix, consumers may be finding it harder to justify paying a monthly fee fo ...

    Sound Blaster Roar Bluetooth speaker

    There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

    Kenu Airframe Plus

    Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News