Company Profile For Palm, Inc.

Palm, Inc. (Palm) is a provider of mobile products for individual users and business customers worldwide. Palm’s products for consumers, mobile professionals and businesses include Palm Pre, Treo and Centro smartphones, as well as software, services and accessories. The Company sells its products in two product lines: smartphones and handheld computers. The Company’s smartphones provide a range of productivity tools, and personal and entertainment applications. Functionality and features found in all Palm smartphones include support for various mobile telecommunications standards used to transmit voice and data; wireless data applications, such as e-mail, messaging and Web browsing; wireless communication capabilities, such as Bluetooth and/or wireless fidelity (Wi-Fi); multi-media features and productivity software; instant-on, one-touch access, and non-volatile flash memory that protects stored data.

BRIEF: For the three months ended 31 August 2009, Palm, Inc.'s revenues decreased 81% to $68M. Net loss applicable to Common totaled $164.5M, up from $41.9M. Revenues reflect a decrease in average selling price and lower accessories sales. Net loss also reflects the absence of patent acquisition refund income, lower other income, the presence of gross loss, vs. profit and higher general & administrative expenses.