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  1.    #1  
    If you have access to WSJ.com articles you can read the full story here:
    PalmOne Down 8.7%; Forecasts Disappointing 4Q EPS

    Basically P1 has said that they are facing delays in releasing the Treo to some networks because of needed customizations.

    It is believed that Verizon is one of those networks (according to a Bear Stearns analyst).

    It is expected that P1 will make up the forcasted 4Q dip in Q1 2006. Since orders that were expected for 4Q this year will instead be filled Q1 2006.
  2. #2  
    WSJ is paid subscription site. Could you post interesting excerpts?
    --
    Aloke
    Cingular GSM
    Software:Treo650-1.17-CNG
    Firmware:01.51 Hardware:A
  3.    #3  
    Not sure what the folks at WSJ.com would allow. They are pretty tight with their stories.

    The story is actually from the Dow Jones News Newswires http://www.dowjonesnews.com/ which is also a subscription site. And even to get a free trial from them you have to wait for a "sales representative" to contact you. WSJ.com is about the only place online that I know of which carries Dow Jones news articles. (Dow Jones & Company Inc. owns WSJ.com.) And I'd suspect any other site that carries them is fee based too.

    WSJ.com does offer a free 2 week trail.

    I gave the interesting scoop in my own words.

    In short it may be a while before any Verizon customers can get a T650. It is not a very long article. Just mentions the issue and that P1's stock took a hit over it. Verizon is thought to be a network P1 is working on customizations for. P1 Q4 orders will be lower (much lower) because of the delay. And the expectation is that they will be taken care of in Q1 2006.

    Does this mean Verizon won't get a T650 till Q1 2006? The article does not say that, but if I were a Verizon customer I would toss that June expectation out the window.
  4. #4  
    Per Dow Jones wire serivces, the conference call transcript said the following related to this issue:

    "Shares of PalmOne Inc. (PLMO) fell more than 8% after the maker of personal digital assistants forecast fourth-quarter earnings below Wall Street expectations due to order delays...

    The order delay stemmed from the need to customize products such as its Treo line for individual networks, interim Chief Executive Ed Colligan said during a late Thursday conference call transcript provided by CCBN StreetEvents.

    "It adds a lot of variability into the delivery time frame," he said. "We obviously want to deliver to carriers as soon as possible on this product, but we are a little bit behind where we expected to be."...

    Bear Stearns analyst Andrew J. Neff said PalmOne's valuation mostly reflects the concern over the company's execution and business model. In addition, he believes new product launches, such as Treos and PDAs, could provide a spark for the stock.

    In a note, Neff added he believes Verizon Communications Inc.(VZ) is likely to be one of the carriers involved with the delay in the Treo launch."
  5. #5  
    hmm... there was a recent poston Hofo, and this site, saying arpil 23, 24th. hmmm ... will we ever know?
    da Gimp

    Please note: My spelling sucks and I'm to lazy to check it.
  6. #6  
    I have watched Neff for 4 years now, as I used to work for an Apple Specialist. His forecasts for Apple have been way off the mark to say the least. I seriously believe some of these joker analysts attempt to stir up controversy just to validate their position. Apple is always buying Sony as is Sony buying Apple. Apple is also considering Intel chipsets, licensing the Mac OS to PC manufacturers, etc. I've heard it all. Not to take away from this news/speculation, but Bear Sterns/Neff is the LAST source I would rely on for accurate assessments/forecasts of the tech market.
  7.    #7  
    Neff could be wrong, but if not Verizon then who is P1 having issues with? They have said they are having the issues and if not Verizon it would have to be a carrier that never had the Treo before. What other carrier would be large enough to have such an impact on P1's earnings?

    I just checked and P1's fiscal year starts on June 1. Given that the June estimate for a Verizon release just might be on target.

    I forgot to check when P1's fiscal year starts when I mentioned:
    if I were a Verizon customer I would toss that June expectation out the window.
    So I probably was wrong to say that.

    So I think Verizon probably will release a Treo 650 sometime in P1's Q1 fiscal year which would be June 2005.

    And since people can already switch Sprint T650s to Verizon what kind of "customizations" are holding back the release of an official Verizon T650?
  8. #8  
    Quite simply, the crippling beyond all recognition of Bluetooth and possibly some tweaking of data (1XRTT) connectivity between the 650 and Verizon's network - this was a huge issue with the Treo 600.

    Otherwise, my Verizonized Treo 650 has been doing a great job.

    I just feel great at least being able to have Verizon service on this phone because God knows when Verizon will ever get their act together. I just don't trust them when it comes to release dates.

    Quote Originally Posted by darnell
    And since people can already switch Sprint T650s to Verizon what kind of "customizations" are holding back the release of an official Verizon T650?
  9. #9  
    if not Verizon it would have to be a carrier that never had the Treo before
    Well, verizon is not the only not to release yet, Tmobile is still using the 600 so it could be them but doubltful.
  10. #10  
    I'll join the bandwagon. I have a Verizonized Treo 650 and it works great. The only thing that doesn't work is the MMS application for sending pictures. Not a dealbreaker for me for sure.

    I have always been a big supporter of Verizon even when it comes to their extended release dates of phones. But my opinion on that issue is changing. It just seems to be a never ending issue with Verizon. It took them a long time to release the Treo 600 and there was no functional difference from the Sprint version. I don't doubt that there are changes, but still, it can't be THAT substantial. I've been using my 650 for months. I have no battery problems, no data problems, nothing.... Verizon continues to..... tweak... oh well.

    In the end, my opinion remains the same. Never go to a particular carrier because of their handsets. Always go for the quality first. If Sprint or Cingular works well for you in your region, go for it. But if someone goes to a particular carrier just because they have a particular phone.... well... good luck.

    Quote Originally Posted by illustreous
    Quite simply, the crippling beyond all recognition of Bluetooth and possibly some tweaking of data (1XRTT) connectivity between the 650 and Verizon's network - this was a huge issue with the Treo 600.

    Otherwise, my Verizonized Treo 650 has been doing a great job.

    I just feel great at least being able to have Verizon service on this phone because God knows when Verizon will ever get their act together. I just don't trust them when it comes to release dates.
  11. z3bum's Avatar
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    #11  
    I can say for sure it's not T-Mobile Palm One is having trouble with. I use a Treo 650 on T-Mobile's network and the data and messaging services self-configured and work well. Only thing T-Mobile would do is logoize the startup and maybe lock the homepage. They would mess with Bluetooth.

    Verizon on the otherhand is probably trying to get PalmOne to drop Bluetooth altogether!

    It will be interesting to see what happens.
    Palm III -> Palm V -> Blue Palm Vx w/Omnisky -> Treo 270 -> Treo 600 -> Treo 650 -> Treo 680
  12. cadams's Avatar
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    #12  
    I just hope it's out by October since that's when my new-every-two is up.
  13. Minsc's Avatar
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    #13  
    Since we're in a speculating mood, maybe this delay could be the result of adding an EV-DO radio in the Verizon Treo650??
    Though I've poo-poo'd this rumour in the past, I suppose one could draw that conclusion given this "officially announced" delay??
  14.    #14  
    palmOne Conference Call Highlights

    When asked Colligan confirmed the Verizon Treo 650 would support the high speed EV-DO standard.
    (edit, see post #18 below, the above statement is FALSE)
    Last edited by darnell; 03/28/2005 at 06:01 PM. Reason: I have found the quote to be wrong
  15. jstpa's Avatar
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    #15  
    Actually, I've heard that Colligan was misquoted on that. He apparently said that Treos would support EVDO in the future, but he did not specifically say the 650 (one way or the other). Remember, this is hearsay.
  16. #16  
    Yeah, I believe that's correct too.

    Quote Originally Posted by jstpa
    Actually, I've heard that Colligan was misquoted on that. He apparently said that Treos would support EVDO in the future, but he did not specifically say the 650 (one way or the other). Remember, this is hearsay.
  17.    #17  
    So frustraiting. I'm listening to a copy of the conference call now myself to get the real deal. Or should I say the real deal from my POV .

    I'll report my findings.
  18.    #18  
    IMHO Palminfocenter.com's webmaster "Ryan" got the Verizon/EVDO question and answer from Colligan all wrong!

    A question was asked about investment for future releases. Nothing specific about which version of Treo. And the question was about investment in EVDO and Verizon to which Colligan agreed there would be investment in this. Colligan had already said earlier in the call that P1 would invest in 3G wireless technologies and mentioned EVDO then. So in answering the question he said nothing outside of what he had already said in his previous statement.

    So there has been no promise made that Verizon's T650 will support EVDO. Just that P1 is working to have a Treo that supports EVDO. Hey, that could be the T700, T800 or something else. Never were the words "Treo 650", "EVDO" and "Verizon" used in the same sentance or even the same statement! Does not mean it won't happen and does not mean it will happen either!

    He even said later in the call during that Q&A period that he would not get into specifics about any product design.
    Last edited by darnell; 03/28/2005 at 06:02 PM.
  19. #19  
    Quote Originally Posted by aprasad
    WSJ is paid subscription site. Could you post interesting excerpts?
    NEW YORK -- Shares of PalmOne Inc. (PLMO) fell more than 8% after the maker of personal digital assistants forecast fourth-quarter earnings below Wall Street expectations due to order delays.

    The Milpitas, Calif., company expects fourth-quarter earnings of 25 cents to 32 cents a share, on sales of $320 million to $330 million. Analysts, on average, forecast earnings of 52 cents a share on sales of $353.7 million, according to Thomson First Call.

    The order delay stemmed from the need to customize products such as its Treo line for individual networks, interim Chief Executive Ed Colligan said during a late Thursday conference call transcript provided by CCBN StreetEvents.

    "It adds a lot of variability into the delivery time frame," he said. "We obviously want to deliver to carriers as soon as possible on this product, but we are a little bit behind where we expected to be."

    The forecast comes on top of PalmOne's third-quarter results, which swung to a profit from a year ago, a fact that several analysts considered encouraging. Many of them have been lenient, with Bear Stearns upgrading the stock to peer perform from underperform on its attractive valuation.

    PalmOne recently traded at $22.19, down $1.87, or 7.8%, on volume of 5.9 million shares. Average daily volume is 3.3 million shares.

    Bear Stearns analyst Andrew J. Neff said PalmOne's valuation mostly reflects the concern over the company's execution and business model. In addition, he believes new product launches, such as Treos and PDAs, could provide a spark for the stock.

    In a note, Neff added he believes Verizon Communications Inc.(VZ) is likely to be one of the carriers involved with the delay in the Treo launch.

    Despite the upgrade, Neff pegged a declining PDA market, increasing competition and the slower product ramp-ups as issues that PalmOne still faces.

    The analyst doesn't own a stake in PalmOne, and his firm doesn't have an investment banking relationship with the company.

    Given the new management, RBC Capital analyst Mike Abramsky believes the fourth-quarter forecast represents a "reset" of expectations to a more achievable level for the company.

    "This 'hiccup' is displeasing, but does not change our thesis," Abramsky said in a note.

    With orders being pushed from late in the fourth quarter to the first quarter, he said 2006 revenue will benefit.

    Abramsky acknowledged, however, that he expects the stock will show few gains until management establishes its credibility.

    The analyst doesn't have any stake-ownership or investment-banking conflicts to report.
  20. #20  
    be careful about copyrights...
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