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poor U2. Their pump and dump project might cost them a butt load of money.

Jun 25, 09 - 05:08 pm Comment from: twodales

@maximum overdrive
Indeed, Aapl uses the exact same tactics, predict $!.00 a share and delivers a $1.50 per share. Yes, sounds the same. I hope you are being ironic otherwise you are an idiot.
Heh, MDN why o' why don't you offer filtering?

Jun 25, 09 - 05:20 pm Comment from: KingMel

"Palm Inc., maker of the new Pre phone, reported a smaller fourth-quarter loss than analysts estimated after sales fell less than predicted. The shares climbed 9.5 percent in late trading..."

*Not bad. 10% climb after not performing as poorly as expected. That's a pretty low bar to hurdle.*

"Excluding some costs, the loss was 40 cents a share..."

*That's right...a loss. No profits turning up around here, much less $30B in cash and short term securities. Is there a double standard at Wall Street?*

"Sales fell to $86.8 million in the period ended May 31..."

*Meanwhile Apple sold several hundred million dollars worth of iPhones alone in only a few days. But, hey, the Pre will make up the difference.*

So they were able to beat the Street without the Pre? 23% margins? Next quarter should be huge!!!

Jun 25, 09 - 05:29 pm Comment from: Sir Gill Bates

News Flash:

It was just announced that Michael Jackson has died.

'beleaguered'
yet stock is soaring in after hours.

Jun 25, 09 - 05:46 pm Comment from: Gordon Horne

“PC guys are not going to just figure this out. They’re not going to just walk in.”—Ed Cooligan, Palm CEO, November 2006

"You know the beautiful thing: June 29, 2009, is the two-year anniversary of the first shipment of the iPhone. Not one of those people will still be using an iPhone a month later."—Roger McNamee, co-founder Elevation Partners, March 2009 (Yes, McNamee is the money guy and not the brains, but he was speaking officially on behalf of Palm—even if he did go badly off message and Palm filed an official retraction of most of his statements that day with the SEC.)

"[The debut of the Pre] was a major milestone in Palm’s transformation. We have now officially re-entered the race."—Jon Rubinstein, Palm CEO, June 2009

Lower expectations seem the way forward. Good job, Jon.

Jun 25, 09 - 05:51 pm Comment from: Sir Gill Bates

@ MaximumOverdrive,

They said he had a heart attack.

I use to really like him before he went totally freakazoid.
Darn shame, he had a lot of talent at one time.

It was weird that my wife and I were just talking about Farrah Fawcett dying after Ed McMahon, and wondering who would be the third (it always happens). Just then they announced M.J. being taken to the hospital. Creepy.

What's really impressive is that the stock is up 13.7% after hours in spite of the selling pressure from the S&P;500 fund managers as PALM has been dropped from the index.

@ MO – And yet somehow Apple's stock never surges this way after overdelivering, despite the fact that Apple is a far more sustainable company with more sources of dependable revenue, while Palm is pinning their future on this cheap plastic thing with screens that break all by themselves… not a solid future investment, in my book.

Jun 25, 09 - 06:10 pm Comment from: Jubei

Revenue fell more than 70 percent to $86.8 million, compared with a Wall Street estimate of $80.3 million.

Yep their in the race now.

Jun 25, 09 - 06:20 pm Comment from: Jubei

@MaximumOverbearing

LOL.. you just pull stuff out of your hat or your just completely out of touch......... unless its with yourself. LOL

Jun 25, 09 - 06:40 pm Comment from: Gordon Horne

Why is the stock jumping so much on less poor than expected losses? Simple. There is a fair potential profit to be made from Palm failing to die for a few quarters if you get out at the right time. This game is for large investors only, those who can put enough cash in to see a worthwhile return while keeping enough out to cover potential losses with other, safer investments.

Jun 25, 09 - 06:42 pm Comment from: Sir Gill Bates

"MaximumOverbearing"

Ahhhhaaahaahoooho!

Oops, did I do that out loud?

Jun 25, 09 - 06:45 pm Comment from: ken1w

> The net loss for common shareholders was $105 million, or 78 cents a share, compared with $43.4 million, or 40 cents a share, a year earlier.

So losing almost twice as much this year compared to last year is considered a GOOD thing? Wow! Under those standards, anyone could be successful.

Pre muerte

Jun 25, 09 - 07:06 pm Comment from: Anonymous©

MOron, Palm beat analysts' expectations. They didn't say Palm beat their own expectations. Apple beats their own expectations and analysts' expectations.

Jun 25, 09 - 08:11 pm Comment from: alansky

Race? What race?

I wanted to spell out the tune for 'Taps' but I'm having trouble translating it into text.

Competition is good.
LOL! Of course i'm just joking, only an idiot believes a derivative iphone knockoff that not only competes with the real iphone, but every other knockoff is actually competition.
It's like a sad marriage kinda, people separate for 6 months, change nothing about themselves or the relationship, then get back together and figure things will 'work this time'. Very sad. A Shakespearean Tragedye, notice, you have to use the King's Olde English and spell it 'Tragedye', all i need is the Old English font to match

Michael Jackson died. If you don't like him, or don't care, keep your rude, nasty, insensitive Coulter-mouth shut. You've already proved your ignorance- your indecency is even more disgusting. What is this?- a bunch of dysfunctional 14-year-olds having a pajama party making wisecracks about Palm? Death of a human being is not funny.

Let me get this straight, Palm posted losses of $105 million dollars... Which is more than TWICE the losses of $43.4 million dollars that they posted a year earlier?

But analysts predicted even WORSE losses, so everthing's all OK!!

Durr.

I think MDN should stop calling it "Beleaguered Palm". It's past beleaguered. It's "Deathbed Palm".

Jun 25, 09 - 10:33 pm Comment from: rjackb

I propose that the term "Beleaguered" be permanently banned from this site. Enough already!

Durp!

While I hate to see a company like Palm fail, I can't help but notice the double standards some of these investors/analysts seem to have. On one hand you have Palm who didn't post as big of loss as predicted, but ended up being twice as bad as the previous period and somehow this is all good news. And on the other hand you have Apple, with sales going through the roof and being much more stable (and profitable) on all fronts and for some reason, they're doing just ok (as reflected through the stock price).

Jun 26, 09 - 08:13 am Comment from: MacAdvocate

@Johno
Especially when your thumb mashes 9 keys at once and you don't have predictive text.

They are into making quick profits and there is more scope for that with Palm than Apple at the moment simply because of the base from which they are coming from and the prospects of huge gains in share price and a possible take over. Its all a gamble but one they are prepared to take.

How's the shit sandwich, Roger McNamee? You were right however, I'm not using an iPhone. I'm rockin a 32 gig 3GS now.
Pass the shit sandwich around. Make sure Bono & Rubinstein get some bites.

moderation?

Sales fell to $86.8 million. the net loss for common shareholders was $105 million. a 18 million higher loss then they had revenue. that is amazing. how do you do that?

Let us say that billionaire X says I would like to mess it with Apple. So I see Palm, a 2 billion dollar company has a kinda neat product. I decide to buy 5 million shares, a few at a time during the day. I would have to spend only 70 million to do that. That is a huge infusion to the stock, being the company is so small. So the stock goes up and up through the day. How many millions would it take to do the same with AAPL? we are talking scale here folks and Palm is a tiny tiny company compared to Apple. Keep things in perspective. Watch for the billionaire to cash in.