Comments on: Palm Earnings Preview at CNBC
CNBC has posted an article focusing on the expectations for Palm's Quarterly Earnings. Palm is due to report their final Q2 FY09 earnings tomorrow after the market closes. No one really expects many positives, given that the company has already pre-announced that it expects revenue to come in at half of what was expected. However, there should certainly be some interesting discussions during the conference call around the anticipation surrounding the CES announcement and the sudden departure of Palm's CFO at a curious time.
This past year was abysmal for the smart phone maker: late-to-market products, a stock price in freefall, worries that its single biggest investor Elevation Partners may divest its stake in the company, a pricing model for the Palm Treo Pro that raised lots of eyebrows, layoffs, a new chief financial officer with little direct Wall Street experience announced Monday, and true worries about whether Palm even stands a chance as a going concern in 2009.