Palm still waiting for new products to end losses

Iria · Jun 27, 2008, 04:52 AM

Palm is still struggling as it awaits the arrival of new Treos and a new operating system.

The company on Thursday reported a net loss of $43.4 million for its fourth fiscal quarter, or 40 cents a share, compared with net income of $15.7 million last year. That loss is not as bad as it looks because of restructuring charges and the write-off of some bad debts, but even factoring all those charges out Palm still lost $23.9 million, or 22 cents a share. Analysts polled by Thomson One were hoping for 18 cents.
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Source: One More Thing

Jun 27, 2008, 04:52 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Palm still waiting for new products to end losses Palm is still struggling as it awaits the arrival of new Treos and a new operating system. The company on Thursday reported a net loss of $43.4 million for its fourth fiscal quarter, or 40 cents a share, compared with net income of $15.7 million last year. That loss is not as bad as it looks because of restructuring charges and the write-off of some bad debts, but even factoring all those charges out Palm still lost $23.9 million, or 22 cents a share. Analysts polled by Thomson One were hoping for 18 cents. ___________ Source: One More Thing