Palm should realise they've got clown working in their R&D and marketing department. After the Foleo debacle Palm has been struggling to release relevant devices. Even the latest Centro faces questionable success with its tiny keyboard.

Palm hasn't released the killer device and hasn't developed their OS. Does the future look bleak? Well they posted a loss of just $841,000 for its first fiscal quarter, which ended Aug. 31. Revenue for the quarter grew only 1% to $360.8 million, year-on-year.




That’s down from the company’s $16.5 million profit in the year-ago quarter, on revenue of $355.8 million. Costs include $6.6 million in restructuring charges, $5 million for patent acquisition, $5.1 million for stock-based compensation costs—it would have earned $9.7 million for the quarter.

Palm said it would earn revenue in the range of $370 million to $380 million, down 3% to 6% from the year-ago quarter.

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