Palm Inc. today announced their fifth consecutive quarterly loss today as the company continues its transformation efforts. The company reported a loss of $41.9 million on higher than expected revenues of $366.9 million. During the call Palm CEO Ed Colligan stressed that the company was "still solidly in the midst of its transformation with some significant hurdles yet to come." The conference call touched on progress on the next generation Palm OS, the possible plateau of Centro momentum and the recent launch of the Treo 800w and Treo Pro products. Colligan also warned that as Palm continues its transition period he expects further losses in the next few quarters to come.



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