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Palm Third Quarter Profits Beat Estimates

Laptop Battery By Freddie Mooche

laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)

Thinkpad (AXcess News) Washington - Palm. Inc. (Nasdaq: PALM), makers of the Palm Pilot,reported net income of $29 million, or 28 cents per share, for the third quarter, fueled by sales of Treo cellphones and a deal with Microsoft fora new device based onthe software maker'sWindows operating system.

"Computer industry analysts estimate that some 60 percent of all corporate data exists only on desktop and laptop computers, " said Walter Scott, CEO of Acronis. "Incorporating Acronis True Image with New Mexico Software backup server is the ideal solution to capture that corporate data and ensure that it is not lost. While traditional server backups are effective for protecting server data, every company should have a combination of server and workstation backup plans."

Microsoft Palm's third quarter results beat analysts estimates compared to the same period last year when Palm reported net income of $4.4 million, or 4 cents per share.

. (AXcess News) Apple Computer ( AAPL) announced record profits of $565 milloin for the first quarter, or 65 cents a share, on revenue of $5.75 billion, fueled by sales of its popular iPod. Apple said it sold 14 million iPods and 1.25 million Macintosh computers in the first quarter. Analysts had estimated that Apple would only sell 10 million iPods during the holiday shopping season.

Laptop Computers Revenue climbed 36 percent to $388.5 million from $285.3 million a year earlier.

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Laptop Computer The Sunnyvale, Calif.-based company said net earnings in the latest quarter included a partial reversal of a deferred tax asset valuation allowance of about $13 million.

As more and more laptops are sold quarter by quarter and year by year, one thing has become obvious. Computer manufacturers have been phasing out the term "laptop." Why is that The term made a lot of sense years ago, when you could actually put a notebook computer on your lap. Now people are suing left and right because their computers are so hot that is makes it impossible to put on their lap without being burned, or at the very least, begin to perspire. Even I have found as I type on my 17" laptop while it's sitting on a desk, the Intel Core Duo chip and heat from the other components cause my palms to begin sweating (not to mention the nice little sweat spots where my palms rest). Thank goodness for cleaner!

Desktop Computer For the fiscal fourth quarter ending June 2, Palm forecast revenue of $400 million to $405 million and adjusted earnings per share of 22 cents to 23 cents. Analysts, on average, have forecast revenue of $395.7 million and earnings per share before items of 21 cents.

Notebooks Shares of Palm closed up 47 cents, or nearly 2.4 percent, at $20.14. In realtime ECN trading, Palm's shares continued climbing to $21.35, skirting its 52-week high of $21.97, having rose $1.68, or over 8.5 percent.

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