The Milpitas, California-based vendor turned in sales of $209m for the quarter ending February 28, down 28.6% on the year. Operating loss was $167.1m, compared to a profit last year of $5.3m. Net loss was $172.3m. Once the company excluded a range of charges, including $102.5m for impairment and $40.2m for restructuring, the net loss was $26.5m.
Revenues for the year so far stand at $646.2m, down 19%. Net loss for the year so far stands at $427.6m, compared to a loss last year of $54.7m. Once charges are excluded the net loss so far stands at $57.2m.
In a statement, chairman and CEO Eric Benhamou claimed, The positive recovery of the handheld industry is continuing, thought still held back by weak economic fundamentals.
The company’s Palmsource software unit, which is due to be spun out as an independent company, reported a net profit of $1.4m on revenues of $26.3m for third quarter.
Source: Computerwire
