
"The report marked Palm's fourth straight quarterly loss. Demand for the seven-year-old Treo has waned as Research In Motion and iPhone maker Apple Inc. added new features and designs more quickly. The success of Palm's Web-browsing Centro wasn't enough to return the company to profitability because the device is cheaper and has lower margins than the Treo. ``The Treo has fallen off the cliff,'' said Pablo Perez- Fernandez, an analyst at Global Crown Capital in San Francisco. He has a neutral rating on the stock and doesn't own any. ``The Centro is doing well, but that's not enough.'' "
In the meantime The Wall St Journal reports Palm Swings to Loss
" Palm Inc. swung to a loss in its fiscal fourth quarter as the popularity of its low-cost Centro device wasn't enough to offset slow sales of the flagship Treo line. Strong sales of the $99 Centro helped Palm gain share in the smartphone market during the quarter," [Registration may be required]