Skip to: Content
Skip to: Site Navigation
Skip to: Search
TUESDAY, NOVEMBER 24, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Palm Lays Off 10% of Workforce

Missteps, growing competition plague smart phone maker

Share

(Newser) – Palm, the struggling maker of the Treo smart phone, laid off more than 100 of its 1,150 worldwide employees this week as part of an expense-cutting restructuring. The company, facing stiffening competition, has compounded its recent woes with product launch delays and the September cancellation of the Foleo portable computer, AP reports.

Palm's fiscal second-quarter results, to be posted Tuesday, are expected to be worse than anticipated, due in part to another product launch delay. Palm now expects a second-quarter loss of 22 cents to 24 cents per share, compared to an earlier projection of a 1- to 3-cent-per-share loss.

A Palm Treo 700 phone on display at a Verizon store in Salinas, Calif., Monday, June 4, 2007. Smartphone maker Palm Inc. will sell a 25 percent stake to private equity firm Elevation Partners for $325 million and name the former technical guru behind the iPod to be chairman, the...
A Palm Treo 700 phone on display at a Verizon store in Salinas, Calif., Monday, June 4, 2007. Smartphone maker Palm Inc. will sell a 25 percent stake to private equity firm Elevation Partners for $325...   (Associated Press)
In this file photo, the new Palm Treo 750 smart phone is seen at the 2007 International Consumer Electronics Show (CES) in Las Vegas, Tuesday, Jan. 9, 2007. (AP Photo/Damian Dovarganes, file)
In this file photo, the new Palm Treo 750 smart phone is seen at the 2007 International Consumer Electronics Show (CES) in Las Vegas, Tuesday, Jan. 9, 2007. (AP Photo/Damian Dovarganes, file)   (Associated Press)
A Palm Treo 650 user dials her phone in Salinas, Calif., Monday, June 4, 2007. As expected, shareholders of struggling Palm Inc. approved Wednesday, Sept. 12, 2007 the partial sale of the company to a private equity firm and a change in the board's makeup. (AP Photo/Paul Sakuma)
A Palm Treo 650 user dials her phone in Salinas, Calif., Monday, June 4, 2007. As expected, shareholders of struggling Palm Inc. approved Wednesday, Sept. 12, 2007 the partial sale of the company to a...   (Associated Press)
Palm Inc. CEO Ed Colligan hold up the Palm Treo Monday, Sept. 26, 2005 in San Francisco. As expected, shareholders of struggling Palm Inc. approved Wednesday, Sept. 12, 2007 the partial sale of the company to a private equity firm and a change in the board's makeup. (AP Photo/Paul Sakuma)
Palm Inc. CEO Ed Colligan hold up the Palm Treo Monday, Sept. 26, 2005 in San Francisco. As expected, shareholders of struggling Palm Inc. approved Wednesday, Sept. 12, 2007 the partial sale of the...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

6 Stories

With Spotlight on Apple, Palm Unveils Pixi

Smartphone is 'super-adorably skinny'— but who's paying attention?

Sep 9, 09 2:01 PM CDT
(Newser) - Palm’s tiny new smartphone is taking on a Goliath: The firm introduced the Pixi today, squeaking onto the scene just hours before Apple debuts its latest gadgets at its own San Francisco gathering, All Things Digital reports. Can Palm’s David expect to emerge victorious? Unlikely, writes Kara Swisher.... More »

MORE ABOUT:
Apple • smartphones • Palm • gadget • Palm Pre

Ex-Apple Exec Takes Over
at Palm

Rubinstein will be
new CEO as company goes after iPhone

Jun 10, 09 6:30 PM CDT
(Newser) - Palm shuffled its top leadership today as it continues to zero in on Apple and the iPhone. Jon Rubinstein, who led Apple's iPod division before jumping to Palm in 2007, will take over as CEO and chairman from Ed Colligan, who is resigning after 16 years. "Colligan's departure means... More »

MORE ABOUT:
CEO • Apple • smartphones • Palm • Palm Pre • Jon Rubinstein

PRODUCT REVIEW

 Palm Pre Gets Big Thumbs Up 

Demo of new smartphone has revi

Jan 9, 09 4:54 AM CST
(Newser) - Palm's new Pre smartphone is the hottest product at the 2009 Consumer Electronics Show by a long stretch, a smitten Lance Ulanoff writes at PC Magazine. Ulanoff heard a lot about the Pre before yesterday's rollout, but was still blown away by the smartphone's impressive specs, fresh interface, and groundbreaking... More »

MORE ABOUT:
cell phones • Treo • smartphones • cell phone industry • operating system • Palm • Consumer Electronics Show

6 Stories


More layoffs from Palm
San Francisco Chronicle

Major firmware update for Treo 680, layoffs for Palm
ZDNet


Technology  •  Business 
TwitterFollow @NewserTech on Twitter

 
layoffs • Treo • smartphones • Palm • Palm Inc • Foleo

from our news partners