toggle

AAPL Stock: 110.37 ( -1.97 )

Printed from http://www.macnn.com

Palm reports profit, no takeover in sight

updated 04:30 pm EDT, Thu March 22, 2007

No Palm Takeover in Sight

Palm late on Thursday revealed that it had turned a profit in its most recent quarter, earning $11.8 million. The company added that it had also smashed its all-time sales record, with sales jumping over 30 percent year-to-year and 738,000 of its Treo smartphones trading hands. Similar results should follow throughout the rest of the spring, Palm said.

Conspicuously, the company has made no mention of the hotly-speculated takeover bid that had reportedly been in the works for the company's fiscal report today, suggesting either a delay or an inaccurate source. Speculation had reached a fever pitch yesterday when it was claimed that Motorola led bidding in an attempt to counter Apple and Research in Motion.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented