EarningsReport Archive

  • Clearwire promises Clear-branded HTC and Samsung WiMAX phones this year

    Clearwire promises Clear-branded HTC and Samsung WiMAX phones this year

    Posted on May 5, 2010 | No Comments
    Without going into much detail, Clearwire mentioned on its first quarter earnings call today that WiMAX-capable phones bearing the Clear name from both Samsung and HTC are "expected" to be available before 2010's out, which is a pretty optimistic affirmation of comments the company made earlier this year. It describes the Sammy as "an Android-based 3G/4G/WiFi device optimized for heavy video and video communications use," while the HTC's language leaves out the platform -- it's just called "a 3G/4G/WiFi enabled phone," leading us to believe that this puppy could very well be running Windows Phone 7. If that's the case, we can understand why HTC wouldn't want Clearwire spilling the beans since they've yet to officially announce any plans for jumping into the WinPho 7 game. In fact, Clearwire went so far as to say on the call that the HTC device would not be the EVO 4G, so yeah, we can totally buy that there's some Microsoft action going on behind the scenes here.

    As for Clearwire's health, it has seen a 94 percent year-over-year boost in total WiMAX subscribers for a total just shy of a million -- and interestingly, the overwhelming majority of those are retail, not wholesale, meaning that folks are running Clear-branded equipment. We expect that to change dramatically once Sprint's Overdrive gets a little more penetration and the EVO comes into play, but for now, some 814,000 customers are familiar with the Clear logo. They lost a hair over $94 million in the quarter, but hey, in the scheme of things, that's peanuts -- building out networks isn't a cheap endeavor, after all.

    Clearwire promises Clear-branded HTC and Samsung WiMAX phones this year originally appeared on Engadget on Wed, 05 May 2010 18:56:00 EST. Please see our terms for use of feeds.

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  • Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement

    Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement

    Posted on December 17, 2009 | No Comments
    We don't know just how quickly Palm (or Elevation Partners, for that matter) thought it'd become profitable following the release of webOS, but it's not there quite yet -- the company is in the process of outing its earnings for the second quarter of fiscal year 2010 right now, and in a word, they're still in the red. The good news is that it's a marked improvement from last quarter -- they've gone from a $164.5M GAAP net loss to an $85.4M one this time around. On a non-GAAP gross basis, they actually made $5.5M, which is up from $2.8M a quarter earlier. They've got $590 million in cash and other "short-term investments" on the book right now, which seems like it should be enough to keep the company going without a profit or additional cash infusion for at least a few additional quarters, but then again, burn rate is going to vary with just how much hardware and software R&D they're doing and the kinds of carrier deals they're scoring. We bet they're looking forward to this Verizon business going down, eh?

    Update: Palm's specifically saying that they're looking to grow carrier and geographic coverage right now -- a good plan, if we say so ourselves.

    Update 2: They've sold 784,000 phones in the quarter, which compares to 823,000 in the last -- a 5 percent drop. That's up 41 percent from the same quarter a year ago... but yeah, of course it's going to be way up from the pre-webOS days.

    Update 3: Over 800 apps in the catalog so far, once they graduate from the Early Access Program exclusivity, Palm foresees a "flood" of apps. No plans right now to change SDK strategy to a more native development environment.

    Palm loses $85.4 million in latest reported quarter -- hey, it's an improvement originally appeared on Engadget on Thu, 17 Dec 2009 16:55:00 EST. Please see our terms for use of feeds.

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  • Sprint slows (but doesn’t stop) subscriber loss in third quarter

    Sprint slows (but doesn’t stop) subscriber loss in third quarter

    Posted on October 30, 2009 | No Comments

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    Sprint's sort of the Motorola of the carrier world right now -- a once-great force in the industry that may or may not have recognized its shortcomings too late, and the drama is still unfolding before our very eyes. Its results for the third quarter of the year are a mixed bag, because on the one hand, it's nothing but red ink and fleeing subscribers -- but on the flipside, analysts seem to be pleased that the numbers are better than feared. Some 801,000 postpaid customers sought greener pastures in the quarter -- less brutal than the nearly 1 million lost the quarter prior -- and $478 million went flying out of the coffers; chief executive Dan Hesse says he expects customer retention to be a prettier (albeit still net negative) picture in the fourth quarter, so at least these guys are headed in the right direction and we imagine the Pixi will only help with that overall. The big question remains, though: will they turn it around in time to avoid a takeover?

    Sprint slows (but doesn't stop) subscriber loss in third quarter originally appeared on Engadget Mobile on Fri, 30 Oct 2009 04:10:00 EST. Please see our terms for use of feeds.

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  • Motorola posts small 3Q profit, picks new CFO

    Motorola posts small 3Q profit, picks new CFO

    Posted on October 29, 2009 | No Comments
    For Motorola, any profit at all is a Good Thing right now, so we're sure there are a lot of smiling faces out in Schaumburg today on news that the company managed just a smidge of black ink in the third quarter. The Mobile Devices division specifically turned in $1.7 billion in revenue (about $100 million less than the quarter prior) and accounted for a $183 million loss, which was offset by wins in the company's other divisions ultimately resulting in $12 million in bankable profit. The company says that it expects to push fewer handsets in the fourth quarter as it scales back "unprofitable" devices in favor of its new Android-based gear -- which is just fine by us -- and yes, indeed, it still intends to split the company into two entities when the time is right. In the meantime, the company has announced a permanent CFO -- Edward Fitzpatrick, who was conveniently already appointed to the position on an interim basis -- putting to bed some of the drama to bed that's surrounded Paul Liska, who vacated the post months ago on bad terms. All told, the DROID and CLIQ launches have cast a rosy glow on Moto's current situation, so now it's time to put the nose to the grindstone and see if these guys can deliver financially through the end of the year.

    Read - Earnings
    Read - CFO announcement

    Motorola posts small 3Q profit, picks new CFO originally appeared on Engadget Mobile on Thu, 29 Oct 2009 12:49:00 EST. Please see our terms for use of feeds.

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  • AT&T’s third quarter earnings come up all roses

    AT&T’s third quarter earnings come up all roses

    Posted on October 22, 2009 | No Comments

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    AT&T has come clean with its third quarter earnings today, and on paper, it seems like big ol' Number Two doesn't have much to complain about as far as cash flow goes. EPS comes in at 54 cents, 4 cents more per share than the consensus estimate; revenue was up from the prior quarter (though down a bit from the same quarter a year ago) and they clocked in 2 million net adds, 1.4 million of which were postpaid. That now leaves AT&T with a staggering 81.6 million subs, 6.7 million more than a year ago. Meanwhile, 4.3 million new phones were activated on the network -- 3.2 million of which were iPhones, AT&T's best quarter ever for iPhone activations -- which might actually be perceived as a bad sign for the company seeing how it stresses how heavily reliant it is on Apple's baby for customer conquests. Data continues to be a heavy focus with data-focused revenue up 33.6 percent from the same period last year, and for everyone's sake, we hope that every cent of that revenue is going right back into the network.

    AT&T's third quarter earnings come up all roses originally appeared on Engadget Mobile on Thu, 22 Oct 2009 13:06:00 EST. Please see our terms for use of feeds.

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