Archive for October 2, 2007

Palm posts $800,000 Q1 loss

Posted: October 2, 2007 in Tech

Palm, Inc. reported that total revenue in the first quarter of fiscal year 2008, ended Aug. 31, was $360.8 million. Smartphone sell-through for the quarter was 689,000 units, up 21 percent year over year. Smartphone revenue was $302.2 million, up 12 percent from the year-ago period.

Net loss for the quarter was $(0.8) million, or $(0.01) per diluted share. Net loss included stock-based compensation expense of approximately $5.1 million, amortization of intangible assets of approximately $1.0 million, patent acquisition cost of $5.0 million, restructuring charges of approximately $6.6 million and gain on sale of land of approximately $4.4 million. This compares to net income for the first quarter of fiscal year 2007 of $16.5 million, or $0.16 per diluted share.

Research In Motion (RIM) introduced the BlackBerry Pearl 8130, the first BlackBerry Pearl smartphone to run on CDMA networks.

The new model stays true to the highly acclaimed style and compact design of the BlackBerry Pearl and comes packed with new features including communications enhancements, a striking new software interface, rich multimedia capabilities, built-in GPS and support for high-speed EV-DO networks.

Adobe debuts media player

Posted: October 2, 2007 in Tech

Adobe has launched the beta version of its new media player, using the same format and streaming technology seen in YouTube and other video sharing sites.

Adobe Media Player is a desktop media player that offers useful features for viewers to manage and interact with their favorite content, and features for content publishers to define branding and advertising in and around their content.

GAP job applicants’ data stolen

Posted: October 2, 2007 in Tech

Gap Inc. announced that one of its laptops which contained personal information of 800,000 people who applied for jobs at the company was stolen. The data was from people who applied online and by phone from July 2006 to June 2007 for jobs at Gap, Old Navy, Banana Republic and Outlet stores and included information such as Social Security Numbers, job histories, phone numbers and home and e-mail addresses.

“Gap Inc. deeply regrets this incident occurred. We take our obligation to protect the data security of personal information very seriously,” Gap CEO Glenn Murphy, said in a statement. “What happened here is against everything we stand for as a company. We’re reviewing the facts and circumstances that led to this incident closely, and will take appropriate steps to help prevent something like this from happening again,” he further said.