PALM reports – results look disappointing for FQ4; they don't provide guidance. Revs came in $296.2MM vs. St $302.1M; Smartphone sell-through 968,000 units, up 29 percent year over year; EPS came in ($0.22) vs. St ($0.18); EBITDA came in ($40M) vs. St ~($20M). GMs came in 25% vs St 29.5%. Mgmt comments on outlook - With the combination of centro growth and the delivery of windows mobile products, we do expect to deliver revenue growth in this quarter but we will likely remain unprofitable as we continue to invest in core development and marketing programs for our transformation.
Friday, June 27, 2008
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