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Handspring
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Handspring, the new company from the team that invented the PalmPilot, is about to unveil its first products. Consumers should get ready for virtual supply chains and a marketing onslaught that will include everything from a world-class e-commerce site to good old-fashioned telemarketing. The handheld device might ... have a wireless Bluetooth link thrown in for good measure.
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Including special charges, Handspring's net loss for the fourth quarter was $67.2 million, compared with a $19.5 million loss in the same period last year. The company wrote off $26.8 million for excess inventory of components that it won't use. The company will cut back production of handhelds to meet slowing demand in the market.
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Handspring has sworn most of Silicon Valley to secrecy, yet it inadvertently has tipped its hand through material posted on its web site. An analysis of documents at www.handspring.com reveals fairly detailed information on how the company plans to sell its products, as well as on the gear itself, which will use the Palm operating system from 3Com coms (nasdaq: coms - news - people) and be targeted at the consumer side of the handheld computing market.
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Handspring, Inc. has just announced that it had $61.0 million in revenue for the fourth quarter of its fiscal 2001. Compared with same period last year, this is an increase of 18%. But compared with its previous quarter, revenue was down about 50%.
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For the first time ever, Cisco, Flashcom, Handspring, Internet Appliances, Novatel Wireless, Ricoh, Samsung Semiconductor Inc. and Transmeta exhibited at PC EXPO. Other leading IT companies exhibiting included: 3Com, AMD, Adobe Systems, Citrix Systems, Hewlett-Packard, Gateway, IBM, Intel, Iomega, Kodak, Microsoft, Minolta, Novell, Okidata, Panasonic, Sharp Electronics, Sony, Sybase, Toshiba, Verizon Wireless, Viewsonic and Xerox.
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Handspring's origins are intertwined with its competitor. Jeff Hawkins, Handspring's chief product officer, and Donna Dubinsky, Handspring's chief executive, invented the original Palm Pilot. The two-year old company ... licenses the Palm operating system that allows it to run Palm programs.
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