DALLAS, April 14, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring communications company Palm Inc. (Nasdaq:PALM). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/PALM
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Palm Inc. (PALM) is a provider of mobile products for individual users and business customers worldwide. Palm's products for consumers, mobile professionals and businesses include Palm Pre, Treo and Centro smartphones, as well as software, services and accessories. The Company sells its products in two product lines: smartphones and handheld computers. The Company's smartphones provide a range of productivity tools, and personal and entertainment applications.
Message Board Search for PALM: http://www.boardcentral.com/boards/PALM
In the report, the analyst notes:
"PALM recently reported that total revenues on a GAAP(1) basis in the third quarter of fiscal year 2010, ended February 26, 2010, were $349.9 million. Gross profit and gross margin on a GAAP basis were $47.0 million and 13.4%, respectively. In accordance with two recently released accounting standards related to revenue recognition, these results include the effects of accounting for multiple-element arrangements, including ratable revenue recognition for the future deliverables for Palm(R) webOS(TM) products as required by GAAP.
"As of April 13, Huawei Technologies Co Ltd. was the latest name to surface as a possible bidder for PALM, whose phones have steadily lost customers to the iPhone and BlackBerry. Two months ago, PALM approached Huawei's bankers regarding a possible deal, although talks haven't advanced past that, according to a source."
To read the entire report visit: http://www.beaconequity.com/i/PALM
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