Business Current Event Article

Article Title: do by Post 4Q Loss, But Shares inflate After Hours

Article Author: Associated Press

Citation {MLA / APA Style}:

Associated Press. palm tree Post 4Q Loss, But Shares Surge After Hours. 25 June 2009
< hypertext transfer protocol://www.forbes.com/feeds/ap/2009/06/25/ap6588630.html>


Summary of Article:

Smart-phone maker Palm Inc. stick on a wider qualifying for its fiscal fourth quarter, but it was narrower than what analysts were expecting in time as revenue dropped sharply. For the three months, the company posted a injustice totaling $105 million, or 78 cents per share. This compares with a loss of $43.4 million, or 40 cents per share, in the same period a year earlier. Palm said its results include the effects of subscription invoice treatment required by generally accepted accountancy principles, or GAAP. This elbow room the revenue - and cost of revenue - for its Palm Pre smart phone have been deferred and recognized over the phones estimated economical life, which is 24 months. For the full year, Palm posted a loss of $753.5 million, or $6.51 per share, compared with a loss of $110.9 million, or $1.05 per share, a year earlier.

Presented Strategy(s), Problem(s), Concern(s):
Palm relies on its new Palm OS and fresh released Palm Pre launch to involve them out of a pecuniary hole.



Although Palm Pre sales has help Palm Inc stocks jumped $1.44, or 10.3 percent, to $15.46 in after-hours trading, they nonetheless are in the battle for rivalrous advantage.

Strategy Management Solution(s):
Although the Palm Pre has already shown great results in getting Palm Inc out of the financial hole, Palm still needs to revisit its strengths and weaknesses to assure they can compete with its competitors, which at this point; apple Inc. There is without a doubt that the Apple iPhone has created stir in the cellular phone world. Palm has reached the 4 quarter and are just now showing nigh sort of improvement in revenue, but that also means they will start in the negatives beginning the new...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper