Advertisement
 
YOU ARE HERE: LAT HomeCollectionsPalmsource Inc
IN THE NEWS

Palmsource Inc

FEATURED ARTICLES
BUSINESS
May 24, 2005 | From Times Wire Services
PalmSource Inc., which makes software for cellphones and other mobile devices, said Monday that Chief Executive David Nagel stepped down Sunday. Nagel, who also held the title of president, will remain in an advisory role through mid-July, the company said. No reason was given for the departure. Nagel, 60, was named CEO in December 2001. PalmSource was spun off from Palm Inc. in October 2003. The board has begun a search for a permanent successor, spokeswoman Maureen O'Connell said.
ARTICLES BY DATE
BUSINESS
September 23, 2005 | From Bloomberg News
Oracle Corp. said fiscal first-quarter profit rose 2% as new license sales grew at the slowest pace in more than a year, missing the company's June forecast. Net income in the period ended Aug. 31 rose to $519 million, or 10 cents a share, from $509 million, or 10 cents, a year earlier, Redwood City, Calif.-based Oracle said. Sales rose 25% to $2.77 billion and missed analysts' estimates. New-license revenue rose 12%, short of Oracle's prediction of as much as 25%.
Advertisement
BUSINESS
February 10, 2004 | From Associated Press
PalmSource Inc., a maker of operating systems for hand-held computers, is shifting gears as the market for "smart" phones grows and the one for simpler personal digital assistants shrinks. The company's new strategy, to focus more on devices that handle both voice and data communications -- as rivals Nokia Corp. and Microsoft Corp. have already done -- is due to be unveiled at its developer conference in San Jose today.
BUSINESS
September 10, 2005 | From Associated Press
PalmSource Inc., maker of the Palm operating system for hand-held computers, said Friday it had agreed to be acquired by Japanese software company Access Co. for $324 million. PalmSource's stock surged 78% on the news. But some analysts wondered how PalmSource, which had failed to excite investors since Palm Inc. spun it off two years ago, could draw such an offer. "This was really dumb," said Needham & Co. stock analyst Charles Wolf.
BUSINESS
September 23, 2005 | From Bloomberg News
Oracle Corp. said fiscal first-quarter profit rose 2% as new license sales grew at the slowest pace in more than a year, missing the company's June forecast. Net income in the period ended Aug. 31 rose to $519 million, or 10 cents a share, from $509 million, or 10 cents, a year earlier, Redwood City, Calif.-based Oracle said. Sales rose 25% to $2.77 billion and missed analysts' estimates. New-license revenue rose 12%, short of Oracle's prediction of as much as 25%.
BUSINESS
September 28, 2004 | David Colker, Times Staff Writer
PalmSource Inc. has heard the call -- and it's from smart phones. The Sunnyvale, Calif., company, which makes software to run personal digital assistants, today will formally unveil an operating system that is designed for advanced wireless phones in addition to traditional hand-held devices. The new operating system, dubbed Cobalt 6.1, will include an address book, calendar and other functions that helped make the original Palm devices famous.
BUSINESS
September 10, 2005 | From Associated Press
PalmSource Inc., maker of the Palm operating system for hand-held computers, said Friday it had agreed to be acquired by Japanese software company Access Co. for $324 million. PalmSource's stock surged 78% on the news. But some analysts wondered how PalmSource, which had failed to excite investors since Palm Inc. spun it off two years ago, could draw such an offer. "This was really dumb," said Needham & Co. stock analyst Charles Wolf.
BUSINESS
August 14, 2004
* Online auctioneer EBay Inc. said it purchased a 25% stake in Craigslist, a popular online network of classified ads and forums. * Intel Corp. delayed the release of a new chip designed for use in flat-panel televisions. * Miramax Films laid off 13% of its employees, as expected, leaving the studio with a workforce of 420. * PalmSource Inc. said Eric Benhamou tendered his resignation as chairman, effective in October. * Huffy Corp.
BUSINESS
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.
BUSINESS
May 25, 2005 | From Associated Press
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.
BUSINESS
May 24, 2005 | From Times Wire Services
PalmSource Inc., which makes software for cellphones and other mobile devices, said Monday that Chief Executive David Nagel stepped down Sunday. Nagel, who also held the title of president, will remain in an advisory role through mid-July, the company said. No reason was given for the departure. Nagel, 60, was named CEO in December 2001. PalmSource was spun off from Palm Inc. in October 2003. The board has begun a search for a permanent successor, spokeswoman Maureen O'Connell said.
BUSINESS
September 28, 2004 | David Colker, Times Staff Writer
PalmSource Inc. has heard the call -- and it's from smart phones. The Sunnyvale, Calif., company, which makes software to run personal digital assistants, today will formally unveil an operating system that is designed for advanced wireless phones in addition to traditional hand-held devices. The new operating system, dubbed Cobalt 6.1, will include an address book, calendar and other functions that helped make the original Palm devices famous.
BUSINESS
February 10, 2004 | From Associated Press
PalmSource Inc., a maker of operating systems for hand-held computers, is shifting gears as the market for "smart" phones grows and the one for simpler personal digital assistants shrinks. The company's new strategy, to focus more on devices that handle both voice and data communications -- as rivals Nokia Corp. and Microsoft Corp. have already done -- is due to be unveiled at its developer conference in San Jose today.
BUSINESS
November 13, 2004 | From Bloomberg News
Novell Inc., which this week agreed to a $536-million antitrust settlement with Microsoft Corp., filed a new suit claiming the world's largest software company stymied competition for word processing software. Novell accused Microsoft of trying to shut out WordPerfect, a product Novell bought for $1 billion in 1994 and sold two years later for $170 million after it lost market share to Microsoft's Word.
BUSINESS
March 20, 2003 | Jube Shiver Jr., Times Staff Writer
Microsoft Corp. Chairman Bill Gates urged the nation's wireless carriers to embrace fancier cell phones, saying his software developers would create better software for them that would fuel a new era of revenue growth for the industry. Gates told software developers and phone executives attending the Cellular Industry & Telecommunications Internet Assn.'
Los Angeles Times Articles
|