Colligan anticipates loss of revenue
According to Reuters:
Rival Palm Inc. said it could post a small loss and lower revenue this quarter due to slow sales and fears that the iPhone could hurt demand for its Treo smartphones.Anybody camping out waiting to buy a Foleo?
"It's likely that as people try (the iPhone) out, there may be some stall in our sell-through," Palm Chief Executive Ed Colligan told Reuters on Thursday.
- 06-29-2007, 08:40 AM #2
- 06-29-2007, 09:01 AM #3
It might not have been this way had Palm put out something more mainstream than the 680, which WAS supposed to be their mainstream Treo, but ended up being a 650 update mainly. They even lost money to RIM. Those mainstream BBs added up to big RIM profits! Palm cannot break out of it's long time mold.
- 06-29-2007, 09:02 AM #4
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- 06-29-2007, 09:17 AM #8iPhone Nanite
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Ed had better wake up and deal with the loss of revenue caused by lack of support and poor quality control for existing Palm products (700p, 755, etc.) Word of mouth and bad press can cost quite a bit.
DOES NOBODY AT PALM USE THEIR PHONES? HOW CAN SUCH GLARING PROBLEMS AS THE EXTRANEOUS DTMF TONE GET THROUGH QA AND BETA TO THE FINAL RELEASE PRODUCT???!
- 06-29-2007, 09:45 AM #9"It's likely that as people try (the iPhone) out, there may be some stall in our sell-through," Palm Chief Executive Ed Colligan told Reuters on Thursday.
"I think [Apple] did us a great favor because they drove attention to the converged appliance base. We think the attention given to [the iPhone] and its impact on the dynamic has been overwhelmingly positive for us," said Jim Balsillie, co-CEO at RIM, in a conference call on Thursday.
With 70%+ increases in sales and profit he may have a point.
- 06-29-2007, 10:42 AM #10
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- 06-29-2007, 04:50 PM #19
Those who keep complaining about what Palm has failed in should take over, if they have the CEO qualifications of course. Maybe then we can get something truly exciting from Palm for a change in about 3 yrs.! The Foleo was the big announcement this quarter???? It bombed. They're barely talking about it on the news, if at all! Palm failed to grab the right amount of attention again, due to another blah product introduction.
- 06-29-2007, 05:51 PM #20
- 06-29-2007, 06:12 PM #21
- 06-29-2007, 10:56 PM #22
Colligan has a chance
Met him, good guy--Colligan will carefully monitor the virtual keyboard & its software: if iPhone users are comfortable and type as fast or faster -- then the tactile keyboard is facing hard times. The potential gain in screen area is too valuable. As a matter of fact Palm ought to construct a working Treo with extra screen real estate and virt keybd.
iPhone reminds me so much of Sony's TH-55 wifigoodness. If only, eh Sony?
Thinking of all the apps on this Treo and everything the Treo is doing. iPhone isnt close, yet and Steveo won't come close to Treo apps until Rev 3 or 4 (if we're lucky). Smack them palms together and get to work.
- 06-30-2007, 12:26 AM #23
The story seems to be repeating itself in the phone world. It's amazing how different the iPhone related discussions are on the techie & non-techie forums. We talk specs, they talk usability and convenience. The iphone just seems to make sooo much sense to them while we indulge ourselves by comparing it to our smartphones - which they don't have, by the way. Or have and simply hate.
Apple has obviously put alot of thought into this and though they may have some hiccups, they've changed the phone handset world forever. And we all benefit whether or not we eventually buy the iPhone. The bar has been raised and if the evolution of the iPod and other MP3s is anything to go by, we're in for some pretty interesting times. May the games begin!
- 06-30-2007, 12:35 AM #24
That's the difference here: iPods did not require a contract or carrier, hence they were more ubiquitous and easier to adopt. Some "techies" love the idea of the iPhone, a lot of regular people don't give a single thought to it e.g. a bunch of friends of mine, all in their 20's, see no need for anything beyond a basic flip phone.
- 06-30-2007, 12:50 AM #25
Alot of people outside the USA pay full price $500+ for their phones. And for that we get really good reature-rich phones not available in the USA. If Apple releases an unlocked version in the near future, the international market just might outsell the USA.