Palm wasn't doing very good in 2007

It looks like 2007 turned out to be a bad year for Palm.

Palm is one of the leading smartphone manufacturers, nevertheless the company bore losses as competition in this sector was too rough in the past 12 months and their marketing and product promotion campaigns weren't successful.

Today Palm announced they would soon present their financial report, and that they've delayed the launch of a new handset, which was to be released before Christmas.