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Tagged ‘business’
Palm is soon to launch its new Palm Pre smartphone, but the company’s inclusion on a list of 12 brands not expected to survive the year suggests not everyone is as confident that the phone will be a success.
The Palm Pre is Dead On Arrival, according to financial advice website The Motley Fool. Citing a new survey, the Fool claims that Palm’s prediction of the number of users who will switch to the new phone is overambitious.
Vodafone and Telefónica have announced that they will join forces and link their European networks to give better coverage in Germany, Spain, Ireland and the UK.
The Palm Pre probably wont completely replace the first generation iPhone, Palm has admitted. Palm investor Roger McNamee (who owns 39% of the company) said that he expected all the original 1st-gen iPhone owners to switch to the Pre when their contracts expired.
“Not one of those people will still be using an iPhone a month later,” he announced in a Bloomberg interview. Now Palm is backtracking quite a bit.
Philips is feeling the pinch of the recession, announcing a huge dip in profits, and the sacking of 6,000 employees over the next year.