May 8, 2004 |
PalmOne Inc., faced with slumping sales of what was once a must-have consumer gadget, is taking hand-held computers directly to the public with its own retail stores. PalmOne unveiled its flagship store at Philadelphia International Airport, the 11th store the Milpitas, Calif.-based company has quietly opened since 2002.
January 18, 2005 |
PalmOne Inc., maker of the Treo mobile telephone and hand-held computer, said Angel Mendez, head of global operations, would leave to become senior vice president of worldwide manufacturing at Cisco Systems Inc. Mendez, 44, joined PalmOne in July 2001, the Milpitas, Calif.-based company said. Prior to PalmOne, he was vice president of global supply chain management at Gateway Inc. From Bloomberg News
March 18, 2005 |
PalmOne Inc., maker of the Treo mobile phone, had a third-quarter profit of $4.37 million on demand for its Treo models. The shares dropped 15% after hours after the company's sales and profit forecast missed analysts' estimates. Net income totaled 9 cents a share, compared with a net loss of $9.32 million, or 20 cents, a year earlier, the company said. Sales rose 18% to $285.3 million. Shares of Milpitas, Calif.-based PalmOne fell $3.56 to $20.
October 6, 2004 |
Longtime foes PalmOne Inc. and Microsoft Corp. announced a licensing deal that would allow the next generation of PalmOne's Treo "smart" phones to work directly with Microsoft's Exchange e-mail system. The relationship is designed to eliminate the need for third-party applications and servers that Treo customers previously used to access Microsoft's popular e-mail servers. The deal will allow Milpitas, Calif.-based PalmOne to better compete against Research in Motion Ltd.'
December 19, 2003
EARNINGS Hand-held computer maker PalmOne Inc. reported a quarterly loss and said revenue in the current period would fall short of Wall Street estimates, sending its shares tumbling. In its first financial report since spinning off PalmSource Inc., the company said inventories at the end of the November quarter were higher than expected and shipments of its pocket-sized digital organizers declined from a year earlier. The Milpitas, Calif., company reported a net loss of $4.
May 25, 2005 |
The hand-held computer company that made its name with the Palm Pilot said Tuesday that it was changing its name back to Palm Inc. PalmOne Inc. said it agreed to pay $30 million over 3 1/2 years to the software company it spun off in 2003, PalmSource Inc., for the latter's 55% share of Palm Trademark Holding Co. PalmOne said it expected to change its name to Palm Inc. this year. Shares of PalmOne rose $1.58 to $28.84. Shares of PalmSource rose $1.15 to $10.04. Both trade on Nasdaq.