On Thursday, Palm announced that they will be unable to meet their initial Q2 forecast for the 2008 fiscal year (which for them ended November 30, 2007), blaming the failed launch of a new “key product”.
They expect earnings between $345 to $350 million, which is nearly $30 million short of their October 1st projection for the Q1.
“We are disappointed that we did not get a key product certified for delivery in the quarter, but we are focused on realizing the long-term benefits and opportunities that inspired our transaction with Elevation Partners,” said Palm’s CEO Ed Colligan.
I personally hope the “key product” he was referring to wasn’t yet another Treo/Centro.
Is it just me?
How many times can they “create” the same thing? As a former Treo 650 owner, if they had focused more on fixing bugs with their current products and less on releasing another Treo clone with a slightly different feature set, I may still be a Treo owner.
In my humble opinion, if Palm wants to return to glory it needs something revolutionary, not just a little bit evolutionary. They need something to pull users away from an Apple, Samsung, or HTC smartphone.
The stillborn Foleo was on the right track. Sure, opinions on it varied, but it was on the right track–it wasn’t just another Treo clone.
Filed under: tech
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