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.
May 19, 2005
PalmOne Inc. began selling a new device that combines business and entertainment functions and targets Apple Computer Inc.'s iPod Photo digital players. The LifeDrive device has a 4-gigabyte micro-disk drive that can store and play digital music, photos and video, as well as access data generated by business programs from Microsoft Corp.
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.
January 25, 2005 |
PalmOne Inc. said Monday that Chief Executive Todd Bradley, who oversaw the company's return to profitability, would resign. The company's shares fell 11% on the news. PalmOne, which makes the Treo mobile phone and hand-held computer, said company President Ed Colligan, 43, would become interim CEO. A search is underway for a permanent replacement, and Colligan is a candidate. Colligan, who joined PalmOne in 2003, ran the wireless unit until he became president in June.
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
January 7, 2005
PalmOne Inc., maker of the Treo mobile telephone and hand-held computer, won an appellate ruling that its hand-held computer systems don't infringe patents owned by NCR Corp.