Palm's founders to get IPO - at Handspring
Article Abstract:
Handspring Inc. is going public next week. It's founders, Jeff Hawkins and Donna Dubinsky, started Palm at 3Com, but left when their bosses wouldn't spin Palm off. Since then Palm has gone public. Palm's quarterly revenue is about $270 mil. Handspring's is $40.8 mil. Handspring's handheld computer's are priced between $150 and $250; the top Palm sells for $449. Handspring models accept memory cards and adapted accessories, like digital cameras or MP3 players. Analysts say Palm has 80% of handheld data device market. Mr. Hawkins and Ms. Dubinsky believe there is room for growth in the market segment.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Handspring hopes VisorPhone is 'killer app'
Article Abstract:
Handspring Inc. introduces VisorPhone, a cellular telephone attachment to the Handspring Visor, an organizational device with a phone and a short-text messaging module, all for $299. Chief product officer Jeff Hawkins was undaunted by Nokia and Qualcomm's failures in this field and his team dug in for a year-and-a-half of top secret research, code named "Operation Gumby", which had to be changed to "Sparky" in the wake of competitive eavesdropping. Handspring signed a deal with Option International in Belgium to design the hardware attachment.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Handspring meets analysts' forecasts as revenue soars
Article Abstract:
Buoyed by strong revenue growth, Handspring beat analysts' estimates by posting a loss of only $6.7 million for the quarter ended March 31, 2001. Handspring's revenue of $123.8 million was triple the $34.3 million that it reported for the same period last year. CFO Bernard Whitney confirmed the company's previous forecast for the quarter ending in June, but said that revenue for the rest of 2001 would reflect slower growth.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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