You are here: silicon.com > Networks > Mobile & Wireless

PalmOne boasts soaring sales

Smarthphones leading the charge...

By Richard Shim

Published: 22 June 2004 08:10 GMT

Narrowing losses for the year, handheld maker PalmOne reported rising revenue and a profitable quarter led by demand for its smart phones.

The company yesterday announced sales for its fourth quarter, which ended 28 May, were $267.3m, compared with $217.1m in the same period a year ago. The company reported a profit of $13.3m, compared with a loss of $15m, or 51 cents per share, a year ago.

For its fiscal year, revenue was $949.7m, up from $837.6m last year. PalmOne had a loss of $21.8m for the year compared with a loss of $442.6m last year.

PalmOne shares closed up five per cent yesterday. In after-hours trading, the stock shot up more than 15 per cent, rising $3.24, to $24.70 per share in response to the strong quarterly report.

PalmOne's CEO Todd Bradley credited consumer demand for the fiscal year's strong finish.

Richard Shim writes for News.com

Add comment

Print story with

Email story

Novell cuts jobs after poor results

Real sees loss despite subscriber milestone

RealNetworks' loss shrinks as sales rise

Dell profits from surge in corporate sales

3Com and chip companies' rough ride

In silicon.com

Read and write about internet access at the airports of the world at atlarge.com.

Commentary

Natasha Lomas Exclusive: Jimmy Wales on what's next for Wikipedia Why Wikipedia needs geeks and why a life unplugged is unthinkable

Peter Cochrane Peter Cochrane's Blog: United breaks guitars? Customer service has changed forever

Latest News

£39m boost for London Olympics' emergency comms

'You're responsible for your own wi-fi security' say ISPs

Augmented reality's time is coming thanks to smarter smartphones

The top 10 technologies you need to plan for next year

Cost conscious CIOs: Unified comms' biggest fans

Jobs

Business Analyst - BI, Dashboards and Accounting

Challenging and interesting role for a bright, ambitious graduate Business Analyst with a background in Business Intelligence, and knowledge of ...

Manager of Global Relocation Services

global relocation & assignment programs to ensure adherence to profit/loss control guidelines established within the global relocation & assignment ...

Design Manager - E&P

BSC, BEng, Electrical Engineering or equivalent IEng CEng, MIET, or equivalent Full Driving Licence Manage the delivery of technical excellence Work ...

Special Report Focus

Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.