DALLAS, Nov. 16, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring personal computer maker Palm Incorporated (Nasdaq:PALM). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The investment report on Palm Incorporated should be of particular interest to personal computer companies: Apple Incorporated (Nasdaq:AAPL), Nokia Corporation (NYSE:NOK) and Research in Motion Limited (Nasdaq:RIMM).
It is available at: http://www.beaconequity.com/i/PALM
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Palm Incorporated (PALM) develops, manufactures and markets mobile products to individuals and business worldwide. The Company's products include Palm Pre, Treo, Centro and, now, Pizi smartphones, which provide multiple productivity tools and entertainment applications. It also provides an operating system called Palm Web OS, which includes software updates, back-up and storage of data as well as an applications catalog.
In the report, the analyst notes:
"Following its first-quarter earnings report for the period ended August 31, management said in a conference call that it expects revenue for the second quarter to total less than revenue posted for the first quarter. Second-quarter revenue is anticipated to reach between $240 million and $270 million, and subsequent quarters should be stronger as the Company launches products with additional carriers later in 2009 and 2010. Revenue for fiscal 2010 is anticipated to reach between $1.6 million and $1.8 million, using cash during this time, but the Company expects revenue to bring it back to cash flow and earnings positive."
To read the entire report visit: http://www.beaconequity.com/i/PALM
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