Palm: yeah, so we lost $100m – who cares, here comes the Pre!
  • 4 Comments
by Devin Coldewey on March 20, 2009

palmrocky
Palm’s third quarter earnings have been reported, and they’re as bad as anyone might have expected. But with the Pre just around the corner and everything on track, according to CEO Ed Collligan, nobody should be worrying about that. It’s a fair assessment, really: it’s like a boxing match where you know your fighter’s got a win in him. He’s battered and bloodied from being beaten and bullied, but suddenly his opponent is flat-footed, caught off guard, and your guy is winding up for what could be a knockout punch.

Would you cut your losses and leave the arena? Hell no! I can’t wait to try the Pre, and I hope it brings Palm all the success they deserve. So buck up, Palm-lovers, and see if they can’t land that haymaker.

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  • Palm has been slowly dying for years, so the Pre must do well, or it’ll be off to the Chapter 11 hallway they go.

  • I wonder what kinds of apps can be developed on the Pre and if the developer community will react to it. I guess it really depends on how well the phone does on whether developers will spend time with it. It will be interesting to see

  • For sentimental reasons, I want Palm to succeed, but I want also to see a decent product, not more marketing-b.s. from Ed Corrigan and Roger McNamee of Elevation…

    Is it just me, or is it curious that the Pre really only supports web apps — which everyone blasted iPhone 1.0 for supporting (and not ‘real’ apps) — and that writers now conveniently forgive / forget in the Pre’s case?

  • I’m looking at this from a strategic perspective: If the company downsizes and focuses solely on the pre, they may be able to cut costs and create a profitable product with a profitable future. However, relying upon one device to generate the most profits is extremely risky and if successful, still means that it’s only one product. in the short-run, I see Palm Pre as a good way for the company to generate revenues to satisfy some of their debt obligations and to re-evaluate their capital structure if they think it’s necessary. However, the better thing to do with the funds is to research better product lines and create more sustainable products. Either way, I think they’ll be fine given the positive feedback given to the Pre by reputable ratings sites and blogs. However, I personally don’t like Palm (and thus my bias against them). Still, it’s hard to ignore facts and who knows, maybe the worst is over for the company…

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