Palm Fights to Stay Afloat, Projected to Suffer a Loss This Quarter

Palm Fights to Stay Afloat, Projected to Suffer a Loss This Quarter

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When PDAs first hit the scene, the Palm Pilot was pretty much the be-all and end-all. Sure, there other personal digital assistants from guys like Handspring, but if you wanted to say organized, Palm was the way to go. When smartphones started to make major headway, the Treo was created and Palm thought that they were keeping with the times. Apparently, their efforts just aren’t good enough.

Palm is struggling to maintain any sort of market share and many are blaming their troubles on an “aging operating system.” The Palm OS used to be the best, now it has “fallen behind others in user-friendly features.” Certain models of the Treo are available with Windows Mobile now, but so long as Palm is “shackled” to the Palm OS, they’ll continue to have troubles in the marketplace.

On Wednesday, Palm said that the company likely will not turn a profit for the fiscal quarter ending August 31. Instead, they’ll either break even or suffer a 1 cent per share loss over that time period. Palm is being attacked in the multimedia and consumer-friendly areas by Nokia and Samsung, while getting outclassed in high-end business devices by guys like HP.

What can Palm do to turn itself around?

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