Palm CFO confident about the future

Alexander Turcic · 08-03-2005, 02:26 PM

Palm CFO Andrew J. Brown held yesterday the first presentation of PalmOne being Palm again and talked about the future of his company. He shared his views on the company's solid financials, previous supply constraints, increase in carrier relationships, partnership with MS' Exchange 2003, and of course the recent name change.

Andy, who joined the company only in December 2004, seemed overall confident that in future mobile broadband devices will taking advantage of faster networks, leaving enough room for multiple players to create new value. He is certain that Palm holds the innovative leadership in the smartphone industry with the Treo 650, which continues to get rave reviews.

He acknowledged that the handheld market is in decline, partly because of the cannibalizing effect of the Treo. Regarding the all-in-one LifeDrive device, while it was initially targeted for the business and consumer market (Powerpoint presentation vs. playing MP3s), Palm now finds it to be more a consumer gadget.

In future, Palm will invest more in R&D to increase the velocity and quality of products coming out, and it will build on the "extraordinary opportunities" of the smartphone business.

You can listen to the full 25mins webcast by clicking here (Windows Media).

MrSaint · 08-03-2005, 05:03 PM

That's great! I have a Treo, too, and it's the best thing I've bought in the last years. Let's hope that Palm can stand the "pressure" from new players like Motorola entering the smartphone market. Moto Q looks like a fad product to me; as long as it is WM-powered, it won't stand a chance against the alternatives.

Antoine of MMM · 08-04-2005, 12:05 PM

I wish that one could have heard the questions, the answers seemed a bit disjointed. From the sound of things, Palm has a vision and a plan. I like the part abuot accellerated product rollouts, maybe they really are considering a third release period (would be nice really).

also interesting to see how the move to a new office and the branding financials hit their bottom line. Not that its a bad thing, but that did kinda hurt them with the balance sheet growing more than expected.

Dick Tracy · 08-04-2005, 03:34 PM

Thanks for posting the link as I wasn't able to listen live. It will be interesting to see what develops when the Treo is available in more Asian and European markets.

08-03-2005, 02:26 PM	#1
Alexander Turcic Fully Converged Posts: 18,175 Karma: 14021202 Join Date: Oct 2002 Location: Switzerland Device: Too many to count here.	Palm CFO confident about the future Palm CFO Andrew J. Brown held yesterday the first presentation of PalmOne being Palm again and talked about the future of his company. He shared his views on the company's solid financials, previous supply constraints, increase in carrier relationships, partnership with MS' Exchange 2003, and of course the recent name change. Andy, who joined the company only in December 2004, seemed overall confident that in future mobile broadband devices will taking advantage of faster networks, leaving enough room for multiple players to create new value. He is certain that Palm holds the innovative leadership in the smartphone industry with the Treo 650, which continues to get rave reviews. He acknowledged that the handheld market is in decline, partly because of the cannibalizing effect of the Treo. Regarding the all-in-one LifeDrive device, while it was initially targeted for the business and consumer market (Powerpoint presentation vs. playing MP3s), Palm now finds it to be more a consumer gadget. In future, Palm will invest more in R&D to increase the velocity and quality of products coming out, and it will build on the "extraordinary opportunities" of the smartphone business. You can listen to the full 25mins webcast by clicking here (Windows Media).

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08-03-2005, 05:03 PM	#2
MrSaint Little Computer Guy Posts: 73 Karma: 2466 Join Date: Aug 2005 Device: Treo 650 + iPaq	That's great! I have a Treo, too, and it's the best thing I've bought in the last years. Let's hope that Palm can stand the "pressure" from new players like Motorola entering the smartphone market. Moto Q looks like a fad product to me; as long as it is WM-powered, it won't stand a chance against the alternatives.

08-04-2005, 12:05 PM	#3
Antoine of MMM Mobile Ministry Magazine Posts: 119 Karma: 4507 Join Date: May 2005 Location: Charlotte, NC Device: Nokia N75/N800 Internet Tablet	I wish that one could have heard the questions, the answers seemed a bit disjointed. From the sound of things, Palm has a vision and a plan. I like the part abuot accellerated product rollouts, maybe they really are considering a third release period (would be nice really). also interesting to see how the move to a new office and the branding financials hit their bottom line. Not that its a bad thing, but that did kinda hurt them with the balance sheet growing more than expected.

08-04-2005, 03:34 PM	#4
Dick Tracy Detective Posts: 109 Karma: 4455 Join Date: Jun 2005 Location: California Device: Palm TX	Thanks for posting the link as I wasn't able to listen live. It will be interesting to see what develops when the Treo is available in more Asian and European markets.

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