PalmOne Reports Profit, Cites Growing Treo Sales

PalmOne reported net income for the quarter, which ended February 25, of $4.4 million on total revenue of $285.3 million. Total revenue was up about 18 percent compared to the same quarter a year ago, according to the company.

The company said that it shipped 938,000 units, including the Treo and its Zire and Tungsten handhelds during the quarter but did not say how many of each model it shipped. However, sell-through of the Treo, or the number of units that go through the distribution channel and actually wind up in customers' hands, increased by 50 percent, acting CEO Ed Colligan said in a statement.

Even more telling, the company said that it expects revenues for the next quarter to be between $320 million and $330 million, with half of that revenue coming from smartphones.