Would $19.8m fit in the palm of your hand?
By Ian Jones
Published: 16 January 2002 10:00 GMT
Handspring has reported worsening Q2 losses of $19.8m, in spite of a 15 per cent jump in revenues quarter-on-quarter.
Total revenues for the quarter reached $70.5m, leading CEO Donna Dubinsky to issue an upbeat statement, claiming demand for its products remained strong, particularly over Christmas. The firm's balance sheet also looks increasingly healthy with an additional $47m on the books.
The company is pinning much of its European hopes on distribution deals for its Treo products with mmO2 in the Germany, Ireland the Netherlands and the UK, as well as Telia in Sweden.
Dubinsky added that Handspring's future depends on wireless communications, and the company will continue to invest in the sector.
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