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In spite of Palm's less than expected sales, the company proves to be a group of troopers and are taking strategic steps towards gaining back market share with a stock buyback plan and new products like the Treo 750v:
Palm (PALM) shares surged on Sept. 22 despite news of weaker earnings during the three month period ended Aug. 31. Investors seemed to cheer the company's stock buyback plan and new products, even though the mobile computing company is battling rivals Motorola (MOT) and Research in Motion (RIMM)....
"We executed well on a number of fronts, significantly increasing profits and Treo sell-through," said Ed Colligan, Palm president and chief executive officer, in a Sept. 21 press release. "The product announcements we made this month put us in an even better position to meet marketplace demands and extend our worldwide reach."
The stock jumped more than 5% to $15.24 on the NASDAQ.
In spite of Palm's less than expected sales, the company proves to be a group of troopers and are taking strategic steps towards gaining back market share with a stock buyback plan and new products like the Treo 750v:
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