Palm Reports Profit Drop, Expects iPhone Effect

Palm CEO Ed Colligan, in a conference call to analysts forecasting a small quarterly loss, on the effect the iPhone might have on Palm:

“They will have 30 days to return (iPhone) so we hope we’ll benefit from that, if that happens.”

Great plan. And maybe next week Colligan will find a billion-dollar bill on the sidewalk.

(Via Mike Rohde.)

★ Sunday, 1 July 2007