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Technology Stock Alert for Palm Inc. Issued by Beacon Equity(April 14, 2010)
DALLAS, April 14, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring communications company Palm Inc. (Nasdaq:PALM). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/PALM
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Palm Inc. (PALM) is a provider of mobile products for individual users and business customers worldwide. Palm's products for consumers, mobile professionals and businesses include Palm Pre, Treo and Centro smartphones, as well as software, services and accessories. The Company sells its products in two product lines: smartphones and handheld computers. The Company's smartphones provide a range of productivity tools, and personal and entertainment applications.
Message Board Search for PALM: http://www.boardcentral.com/boards/PALM
In the report, the analyst notes:
"PALM recently reported that total revenues on a GAAP(1) basis in the third quarter of fiscal year 2010, ended February 26, 2010, were $349.9 million. Gross profit and gross margin on a GAAP basis were $47.0 million and 13.4%, respectively. In accordance with two recently released accounting standards related to revenue recognition, these results include the effects of accounting for multiple-element arrangements, including ratable revenue recognition for the future deliverables for Palm(R) webOS(TM) products as required by GAAP.
"As of April 13, Huawei Technologies Co Ltd. was the latest name to surface as a possible bidder for PALM, whose phones have steadily lost customers to the iPhone and BlackBerry. Two months ago, PALM approached Huawei's bankers regarding a possible deal, although talks haven't advanced past that, according to a source."
To read the entire report visit: http://www.beaconequity.com/i/PALM
See what investors are saying about PALM at penny stock forum
BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CONTACT: Beacon Equity Research
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