betanews.com - 12/2/2008
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In what could be its last hope at survival, after the markets closed Monday evening, Palm announced it would implement a program to reduce its costs by another 20%, on top of a program that was already under way.
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Palm to restructure yet again, may cut more jobs
DriverHeaven.net —
... In what could be its last hope at survival, after the markets closed Monday evening, Palm announced it would implement a program to reduce its costs by another 20%, on top of a program that was already under way.
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Source: BetaNews ...
Palm plans further cuts
bit-tech.net News Feed —
The bad financial news continues to hit the tech sector with PDA old timer Palm looking to slash costs by twenty percent with some major restructuring. According to BetaNews , the company is hoping to recoup losses that saw its second quarter revenue drop to $195 million, significantly lower than the company has been expecting. Palm's chief executive officer Ed Colligan has said that his company is seeing “ unprecedented dynamics in the global markets as economic uncertainty hampers demand for consumer products. ” He believes that “ in order to ensure Palm's long-term ...
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