Wireless and Broadband

Wi Fi Radio By Armando Duke

Analysts were forecasting $412 million in revenue for the first quarter, but Palm said it was expecting only $380 to $385 million. The news was a slap on the hand to investors who quickly began selling down Palm's shares to finish the week's trading session at $16.10, down $2.56 or 13.72 percent.

Broadband Access (AXcess News) Houston, TX - Investor were washing their hands of Palm, Inc. (Nasdaq: PALM) Friday after the maker of handheld computers and phones reported higher fourth-quarter profits, thanks to stronger sales of Palm's Treo mobile phones, butforecast lower revenue than investors were expecting. The news sent Palm shares on a nosedive course finishing the week's trading sessiondown nearly 14 percent.

(AXcess News) Houston, Investor were washing their hands of Palm, Inc. ( PALM) quarter profits, thanks to stronger sales of Palm's Treo mobile phones, butforecast lower revenue than investors were expecting. The news sent Palm shares on a nosedive course finishing the week's trading sessiondown nearly 14 percent.

Wi Fi Antenna Palm reportedthat it's net income rose to $27.2 million, or 25 cents a share, for the fourth quarter from $17.7 million, or 17 cents a share, in the year-ago period. Excluding special items, Palm's earnings per share were 29 cents.

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Broadband Service Analysts were looking for 23 cents per share in profit and revenue of $403 million. Palm reported revenue for the fourth quarter of $405 million, slightly more than Wall Street was looking for. But then the bad news followed.

The Palm® Treo™ 750 Smartphone goes where you go with fast broadband speeds. It combines a world GSM phone, email, broadband wireless, and Windows Mobile® renowned Palm ease. With a 1.3 megapixel camera and bluetooth the Palm Treo 750 is everything you could possible want from a business mobile. The sleek, touch finish feels great in your hand. With...

Wi Fi Card Ed Colligan, Palm president and chief executive officer pointed to the company's new Treo line saying Palm was a "strong leader" going into the new year. "Our product engine is firing on all cylinders," said Colligan. With respect to the fiscal year 2007 outlook, Colligan added, "As we deliver new products and expand internationally, we expect growth to accelerate throughout the year." If only shareholders believed him.

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Broadband Connection Analysts were forecasting $412 million in revenue for the first quarter, but Palm said it was expecting only $380 to $385 million. The news was a slap on the hand to investors who quickly began selling down Palm's shares to finish the week's trading session at $16.10, down $2.56 or 13.72 percent.

Palm Wi Fi Card Colligan did say that revenue growth for the year was expected to be 20 to 25 percent, but he fell short on explaining why the first quarter would be so disappointing.

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