| Palm has been losing the Smart Phone market to | | | | Querty keyboard but comes in a smaller form |
| other competitors such as Apple which released | | | | factor than the Treo phones. It also has a 1.3 |
| the much-coveted iPhone just earlier this year. | | | | megapixel camera, 3-G network access and a |
| The company is also facing tough competition | | | | touch screen. The Treo 500v has instant |
| from regular mobile phone makers such as Nokia, | | | | messaging, email and web access. Although this |
| Motorola and Samsung, companies who are in | | | | phone is a Treo, it is geared towards students, |
| tune with the pulse of their markets, releasing | | | | mothers and other individuals who are not willing |
| new models packed with features quarterly. | | | | to spend on the other versions of Treo. |
| The company is expecting a loss $1.1 million to $ | | | | The Centro comes with a 2-year subscription to |
| 3.2 million on GAAP for the second quarter. This | | | | Sprint Nextel Corp. and is being sold for $ 99.99 |
| translates to a loss of $0.03 to $0.01 per share on | | | | making it in direct competition with mobile phones |
| the second quarter based on GAAP. Still | | | | from Samsung and Research in Motion Ltd. The |
| developments in the company as well as new | | | | Palm Treo 500v was launched with Vodafone. |
| product releases should help turn the company's | | | | Aside from the expected profits from the launch |
| profitability around. In an effort to increase | | | | of the Treo 500v and the Centro, Palm also |
| company profits, Palm released the Centro and | | | | expects better company performance as it |
| the Treo 500v. Both mobile phones are designed | | | | completes its partial buyout of Elevation Partners, |
| to address the needs of the regular mobile users. | | | | a private equity firm. The partnership will result in |
| The two mobile phones will compete against | | | | the recapitalization of $325 million from the firm |
| regular mobile phones and not against smart | | | | with a 25% stake. The strategic partnership will |
| phones. Palm has always targeted the business | | | | be completed before the end of October. |
| crowd and this is the first time it is releasing | | | | Other relatively new developments in the |
| mobile phones for other markets. The features | | | | company include the release of Treos loaded with |
| and the price points of the Palm Centro should be | | | | Windows OS. The company also shelved the Palm |
| appealing to consumers who want to get more | | | | Feleo, a Linux-based smart phone companion that |
| from their mobile phones but do not require the | | | | features a full-sized keyboard and a 10-inch |
| applications and the price tag that come with the | | | | screen. The Feleo was supposed to be released in |
| Smart phones. The two models will effectively | | | | the middle of this year but Palm instead decided |
| open up new markets for the company which | | | | to focus on opening new markets and expanding |
| has traditionally been serving the business and | | | | their reach with the two additions to their mobile |
| high-end markets. | | | | phones- the Treo and the Centro. |
| The Centro is a mobile phone designed with a full | | | | |