Sprint posts $344 million in losses while slowing customer defections

Thu, 07 Aug 2008 00:40:23 +0000

Sprint’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 [...]

Palm predicts even larger loss; to stop forecasting sales and profit - it's that bad

Wed, 19 Dec 2007 20:52:07 +0000

Just 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?

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Sprint posts $344 million in losses while slowing customer defections

Palm predicts even larger loss; to stop forecasting sales and profit - it's that bad