profits
Sprint posts $344 million in losses while slowing customer defections
announcements | arpu | financial | losses | profits | revenue | sprint | wimax | xohmSprint’s road to recovery will be a long and drawn out process, mostly dependent on CEO Dan Hesse’s ability to get the wireless carrier’s high-speed, WIMAX-based XOHM data network up and running in a timely manner. Sprint desperately needs to redefine itself as something more than just the No. 3 wireless voice carrier, and an [...]
Japanese handset sales drop 20%, Japanese tuning out on advanced features
announcements | docomo | feature phones | financial | japan | japanese market | ntt | ntt docomo | profits | sales | saturatedJapan has long been known as the land where advanced mobile phones pack features that would have the average American dizzy with wonderment. Japanese handset makers have been concentrating on stuffing as much techno-gadgetry in to their dumb-phones in an attempt to woo as many Japanese tech-heads as possible. But, there’s a problem. Japan has seen [...]
Motorola squeezes out profit despite struggling handset business
announcements | financial | financials | moto | motorola | profit | profits | revenuesThere’s no doubt that Motorola’s handset manufacturing business is on the ropes. Following on quarter after quarter of multi-million dollar losses and sliding global market share, Motorola has been trying to shore up its mobile phone division in an effort to gussy it up for a potential investor to come in and sweep it off [...]
Palm predicts even larger loss; to stop forecasting sales and profit - it's that bad
announcements | financial | forecast | loss | losses | palm | profits | shortfallJust when you thought things couldn’t get any worse for the embattled manufacturer of the Palm “Treo email phone” (what, it’s not a smartphone anymore?). Palm is now predicting even greater losses than they had previously forecasted, based on those unforeseen warranty repairs and the delay of Verizon Wireless’s Palm Treo 755p . The lowered forecast is blamed on ever increasing defections from the Palm Treo to BlackBerry smartphones and the Apple iPhone. And, to make the bad news even worse, it seems Palm will stop forecasting sales and profits - apparently the management at Palm has no idea just how bad this is going to get. Needless to say, this is incredibly bad for Palm. They seem to have no plan to get back on track, and like a deer stuck staring at the headlights of an oncoming slaughter, Palm is frozen in its tracks, unable to even fathom what their next move should be. Ed Colligan, CEO of Palm, said that, “We did not execute as well as we need to,” and that the company would undergo a “fundamental transformation” to get back to being profitable. A fundamental transformation should include a changing of the guard over at Palm, but it’s up to the management to decide just who gets the ax. That is, in addition to all of those employees that will be getting the pink slip this holiday season. Good luck, Palm. You were an innovator once, and we expected great things from you. We sincerely hope you get your act together and stop milking that damn Treo line. It’s dying, and dying fast. Get some new ideas and you might have a chance at re-capturing your once-glory. [Via: Bloomberg ] ---Related Articles at IntoMobile:Palm's profits go down the drain - posts huge 1Q lossPalm stock dives on news of Q4 2007 shortfallsSomething has to be done - Palm posts 43% drop in profitPalm snubs holiday cheer and lays off employees?Palm Centro coming to AT&T?
Motorola looking towards a positive Q4 2007
announcements | financial | growth | motorola | profits | revenueSometimes a changing of the guard is exactly what the corporate-doctor ordered. With the recent announcement that CEO Ed Zander will be taking off on January 1st, and CTO Warrior’s abrupt resignation , Motorola’s future is starting to take on a shimmer - a profitable glow, if you will. Motorola has announced that they are expecting a positive fourth-quarter for 2007. In an effort to calm investor worries over the recent management shake-up, Chief Financial Officer Tom Meredith confirmed operating revenues of 12 to 14 cents per share - which can be attributed to Motorola’s shift in focus from market-share growth to profitable growth. Nokia and Samsung have been eating away at Motorola’s market-share, and it seems that Motorola’s focus on making money rather than recapturing lost market-share has been a positive move. Good for you, Moto. We’re looking forward to all those new handsets that you claimed were on the way for 2008. [Via: Reuters ] ---Related Articles at IntoMobile:Deutsche Telekom posts 8.6% revenue growth for T-Mobile, 42% data revenue growthMotorola's Sidekick Slide fleet has critical slide-mechanism flawMotorola announces business reorganization plan - struggles to cut costs amid massive lay-offsMotorola Ming coming to US with Windows Mobile!Motorola launches Motorola RAZR2 V8 "Luxury Edition"

