Palm Updates Pre Again, Posts Improved Financials

Author	Gordon Kelly
Published	30th Jun 2009

Palm Updates Pre Again, Posts Improved Financials

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Palm isn't being shy in applying the spit and polish to its impressive WebOS platform...

The recovering smartphone veteran has released its fourth patch for the software in just three weeks since it made its public debut inside the exciting Pre handset.

Version '1.0.4' is a 12MB update which will be delivered seamlessly over the air to customers and fixes a number of security holes while - importantly - it will kill the homebrew apps which started to appear over the last week. So begins yet another manufacturer's unwinnable battle with unlockers. Boo + hiss.

In related Palm news the company has announced pretty horrible Q4 losses but they are less horrible than was expected which does, in this weird financial world of ours, suggest some green shoots of recovery. This translates to a $105m loss for the three month period compared to a $43.4m loss over the corresponding quarter one year ago and a 71 per cent drop in revenue to $86.8m.

"The launch of Palm webOS and Palm Pre was a major milestone in Palm's transformation; we have now officially re-entered the race," said Palm Chairman and new CEO Jon Rubinstein. "We have more to accomplish, but the groundwork is laid for a very promising future here at Palm. Our senior management team is capable, motivated and focused on execution; there is a large group of developers waiting to build great applications for Palm webOS; and we have a new product pipeline that we think will set a standard for the industry."

Now that's how to look on the bright side... and he may have a point.

Link:
Palm Press Release

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darkspark88 said on 30th June 2009

I'm confused. How is it recovering, if according to the news story as it's written, Palm are making a larger loss now, than a year ago. Explanation please.

Mik3yB said on 30th June 2009

"but they are less horrible than was expected"
Reading that it sounds like they maybe expected losses of more than $105m. In which case, they'd be better off ... more

Gordon said on 30th June 2009

@darkspark88 - essentially because the figures, though increased, show its predicted size of loses are not accelerating at the speed predicted. Or, in other words, it is slowly rev... more

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