Palm to Remain ‘Incubated’ in ‘Corporate Investments’

In the Q&A section of today’s HP investor’s meeting, CFO Lesjak said this about our favorite smartphone maker:

Palm will continue to be incubated in "Corporate Investments" section of financial statements.

While this sounds warm and fuzzy, it could also mean that Palm isn’t expected to generate significant revenues (or profits) anytime soon. So, it’s a double-edged sword, really, as far as prognostications go. While it means we’ll see lots of money thrown at Palm and webOS, it also means that HP may not expect to be selling large numbers of units in the foreseeable future.

And we all know what that means.

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