Silicon Alley Insider -
16 hours and 10 minutes ago
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alt="treo-pro.jpg" title="treo-pro.jpg" width="320" height="204" /Palm's (PALM) fiscal second
quarter was so bad they a href="http://investor.palm.com/pressdetail.cfm?ReleaseID=351422"had to
tell us about it in advance/a: The once-hot smartphone maker says sales for the quarter that ended
Nov. 28 will be between $190 million to $195 million, 40% below the $331 million that Wall Street
expected./p pPalm, which is still selling an old, uninspired smartphone lineup, says the economy
has further pinched sales./p pThe company will now slash costs by $20 million per quarter by next
spring, as it prepares for its Hail Mary pass: A new smartphone platform that no one knows anything
about, which will face extreme, building competition from the likes of Apple (AAPL), Google (GOOG),
and BlackBerry maker Research In Motion (RIMM)./p pLate last month, Palm said its new platform was
still on track to be released this year, with the first phones on sale in the first half of 2009./p
pstrongSee Also:/strongbr /a href="../../2008/11/palms-new-smartphone-platform-doa"Palm's New
Smartphone Platform DOA?/abr /a href="../../2008/9/palm-still-pining-for-next-year-palm-"Palm Still
Pining For Next Year/abr /a
href="../../2008/11/why-microsoft-should-make-its-own-phone-windows-mobile-revenue-stinks-msft-"Why
Microsoft Should Make Its Own Phone: Windows Mobile Revenue Stinks/a/p pa
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