RIM, PalmSource record mixed results

Research In Motion (RIM) and PalmSource have announced mixed financial results for the US quarter ending 29 November.

RIM, which markets the BlackBerry wireless email PDA, reported a US$16.3 million profit for its fiscal third quarter.

In the year-earlier period, the company lost US$92.8 million.

The Canadian firm reported that its BlackBerry base grew by 154,000, to 865,000 subscribers from the second quarter.

RIM predicted its fourth-quarter revenues would be between US$220 million to US$240 million.

PalmSource, formerly the software unit of Palm, lost US$9.1 million in its second quarter.

The unit lost US$8.3 million in the year-earlier quarter.

Noting that its business was recovering, PalmSource said in the next quarter it expected to break even or log a net loss of US$2 million.