We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,230 News Articles

Future bleak for Palm

Revenue down 44 percent on last year, axes 250

Things are looking ever worse for the erstwhile PDA (personal digital assistant) colossus Palm, with this year's losses a cool £25.3m in the last quarter.

Palm yesterday reported revenue of £201.1m for its fiscal second quarter of 2002, down 44 percent on the same period last year. Though this edges past analyst expectations, the loss compares unfavourably with the £19m profits of the same quarter last year.

The figures are slightly above Palm's own estimate late last month. The firm also announced at the time that it would lay off 250 employees.


IDG UK Sites

OnePlus Two release date rumours: Something's happening on 22 July

IDG UK Sites

13in MacBook Air review, Apple's MacBook Air 2014 reviewed

IDG UK Sites

5 reasons to buy an electric car and 5 reasons not to

IDG UK Sites

Evernote Skitch: the best way for creatives to doodle feedback