SUNNYVALE, Calif., Dec. 18, 2008 -- Palm, Inc. (NASDAQ: PALM) today reported that total revenue in the second quarter of fiscal year 2009, which ended Nov. 28, 2008, was $191.6 million. Smartphone sell-through for the quarter was 599,000 units, down 13 percent year over year. Smartphone revenue was $171.0 million, down 39 percent from the year-ago period. “We’re working through an undeniably difficult period,” said Ed Colligan, Palm president and chief executive officer, “but near-term challenges shouldn’t overshadow the fact that we are on track to deliver a breakthrough new platform and products that will bring a truly differentiated smartphone experience to our customers and reestablish Palm as a leading innovator in the mobile industry.”

The second quarter of fiscal year 2009 net loss applicable to common shareholders included a non-cash charge with a net impact of $396.7 million to the tax provision pertaining to the increase of the valuation allowance for the Company’s U.S. deferred tax assets. This non-cash charge was the primary driver of a net loss applicable to common shareholders for the second quarter of fiscal year 2009 of $(508.6) million, or $(4.64) per diluted common share on a GAAP basis. The increase in the valuation allowance does not reflect a change in the company’s outlook, nor does it alter the company’s ability to utilize the underlying net operating loss carry forwards. “We have reserved against these assets in accordance with GAAP, however we still expect to utilize our net operating loss to offset future U.S. cash taxes once we become profitable,” said Andy Brown, chief financial officer. In addition to the tax provision charge, net loss applicable to common shareholders included stock-based compensation of $5.8 million, amortization of intangible assets of $0.9 million, restructuring charges of $8.3 million, impairment of non-current auction rate securities of $14.3 million and accretion of series B convertible preferred stock of $2.4 million. This compares to net loss applicable to common shareholders for the second quarter of fiscal year 2008 of $(9.6) million, or $(0.09) per diluted common share, which included stock-based compensation of $14.3 million, amortization of intangible assets of $1.0 million, restructuring charges of $10.1 million and accretion of series B convertible preferred stock of $0.8 million.

Net loss for the second quarter of fiscal year 2009, measured on a non-GAAP(1) basis, totaled $(80.2) million, or $(0.73) per diluted share, which excludes stock-based compensation, amortization of intangible assets, restructuring charges, impairment of non-current auction rate securities, accretion of series B convertible preferred stock and the non-cash net impact on the tax provision resulting from the increase of the valuation allowance for the Company’s U.S. deferred tax assets. This compares to non-GAAP net loss for the second quarter of fiscal year 2008 of $(7.8) million, or $(0.07) per diluted share, which excluded the effects of stock-based compensation, amortization of intangible assets, restructuring charges and accretion of series B convertible preferred stock and adjusting the related income tax provision to 42 percent. Earnings before interest, taxes, depreciation and amortization, or EBITDA, for the second quarter of fiscal year 2009 totaled $(84.5) million. EBITDA, adjusted to add back stock-based compensation, net other income (expense), restructuring charges and impairment of non-current auction rate securities, or Adjusted EBITDA, totaled $(55.8) million.

treo central has reveiewed SplashPhoto 5- "The thing I really wanted to know is if it would enable me to easily move images back and forth between my Centro and my Mac.

Back in the day, before email or the Internet became ready for prime time, to move files from one device to another involved what has been playfully referred to as "sneakerware." In essence, you copied the file onto a floppy disk and then walk down the hallway to hand the disk over to the recipient who'd put it in a floppy drive to upload.

I found today's methodology for moving images from my Centro to my desktop very similar... with an extra twist. To remove the tiny microSD card where my images reside from my Centro, I have to first take the battery door off. Once I access the SD card, I place it into my Kingston microSD reader, which plugs into my USB port. Then I'm ready to drag the images I want from the card to the desktop and edit using either PhotoShop or view in iPhoto (yes, I am a Mac - a PowerBook G4 to be exact). Since this felt to me like way too many steps, my Centro’s camera remained dormant for months.

Will SplashPhoto be a game changer for me? Let the test drive begin!"