Palm Announces Very Profitable Quarter and Year

“Palm, Inc. has released the results of its most recent financial quarter, and it has also just finished up its financial year. Mostly due to strong sales of Treo smartphones, the company was very profitable during both periods.During the quarter that ended early this month, Palm had revenues of $403.1 million, leading to a profit of $27.2 million, or 25 cents per share.That compares to a profit of $17.7 million, or 17 cents per share during the same quarter last year.During the last fiscal year, the company’s revenue was $1.6 billion, up 24 percent from the revenue in the previous fiscal year.Palm’s profit during this twelve-month period was $336.2 million, or $3.19 per share, up dramatically from its income of $66.4 million, or 65 cents per share, in the previous fiscal year.All Hail the TreoPalm executives laid much of the credit for all these profits on its Treo line of smartphones.”Treo smartphone sales surpassed an important milestone — $1 billion in revenue for the fiscal year,” said Ed Colligan, Palm president and chief executive officer. “Our product engine is firing on all cylinders as evidenced by our recent introductions of both the Treo 700w and the Treo 700p, each of which offers a different operating system, 3G radios and robust application suites, and we delivered these products to multiple carriers simultaneously.” Read more here:

BlackBerry Connect for Palm Treo 650 by Movistar in Spain

“Palm and Research In Motion announced the availability of BlackBerry Connect software for the Palm Treo 650 smartphone in Spain. With BlackBerry Connect, movistar’s enterprise and multinational customers will benefit from a wider range of devices compatible with BlackBerry services from movistar.”Demand for wireless email solutions is driven by the need for increased productivity amongst movistar’s enterprise customers,” said Luis Ezcurra, general director of market development and marketing for Telefonica Moviles Espana. “Movistar believes that working closely with Palm and RIM to provide the feature-rich Treo 650 with BlackBerry Connect functionality will address this demand, as enterprise customers are very interested in investing in solutions that support their business, operational and IT objectives.”With this expansion of the “BlackBerry from movistar” portfolio, Treo 650 smartphone customers can now benefit from many popular features of the “push”-based BlackBerry architecture via BlackBerry Enterprise Server. For corporate customers, BlackBerry Enterprise Server software tightly integrates with Microsoft Exchange and IBM Lotus Domino and works with existing enterprise systems to enable secure, push-based wireless access to email and other corporate data.” via