{"id":725646,"date":"2010-04-28T17:31:16","date_gmt":"2010-04-28T21:31:16","guid":{"rendered":"16085 at http:\/\/www.precentral.net"},"modified":"2010-04-28T17:31:16","modified_gmt":"2010-04-28T21:31:16","slug":"palm-updates-financial-guidance-in-wake-of-hp-announcement","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/725646","title":{"rendered":"Palm updates financial guidance in wake of HP announcement"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/feedproxy.google.com\/sites\/precentral.net\/files\/articleimages\/Derek%20Kessler\/2010\/04\/hppalm.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"200\" vspace=\"5\" hspace=\"10\" height=\"77\" border=\"0\" align=\"right\" src=\"https:\/\/i0.wp.com\/www.precentral.net\/sites\/precentral.net\/files\/articleimages\/Derek%20Kessler\/2010\/04\/thumb_250_hppalm.jpg?resize=200%2C77\" alt=\"HP + Palm\" class=\"lightbox2\" \/><\/a>This thing is happening, folks. Palm has filed a <a href=\"http:\/\/investor.palm.com\/secfiling.cfm?filingid=1193125-10-96709\">couple<\/a> of <a href=\"http:\/\/investor.palm.com\/secfiling.cfm?filingid=1193125-10-96703\">documents<\/a> with the SEC in preparation for this deal with HP. &nbsp;The documents update Palm&#8217;s guidance for the 4th quarter of fiscal year 2010 and if HP weren&#8217;t buying Palm, we expect that it would have been curtains. Ok, actually, the numbers perhaps look so grim because Palm saw the buyout coming and so wasn&#8217;t shy about spending cash.<\/p>\n<p>At any rate, Palm projects that their revenue for the 4th quarter will clock in between $90 and $100 million. They also state that &quot;Revenues for the fourth fiscal quarter are being impacted by slow sales.&quot; Cash on hand at the end of the quarter should be between $350 and $400. In all, HP is acquiring a company near the end of its rope but fortunately not bogged down with loads of debt.<\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=V3GfJKSbGKY:RAer0RRhIzU:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=V3GfJKSbGKY:RAer0RRhIzU:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=V3GfJKSbGKY:RAer0RRhIzU:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?i=V3GfJKSbGKY:RAer0RRhIzU:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?a=V3GfJKSbGKY:RAer0RRhIzU:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Precentralnet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Precentralnet\/~4\/V3GfJKSbGKY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This thing is happening, folks. Palm has filed a couple of documents with the SEC in preparation for this deal with HP. &nbsp;The documents update Palm&#8217;s guidance for the 4th quarter of fiscal year 2010 and if HP weren&#8217;t buying Palm, we expect that it would have been curtains. Ok, actually, the numbers perhaps look [&hellip;]<\/p>\n","protected":false},"author":675,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-725646","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-32LY","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/725646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/675"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=725646"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/725646\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=725646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=725646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=725646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}