Palm slapped by losses

Better than 2001, though...

By Aled Herbert, 26 June 2002 09:30

NEWS Palm posted fourth quarter losses in line with lowered expectations yesterday following falling PDA sales. The handheld manufacturer last month lowered revenue expectations and predicted it would fail to break even. The company reported net losses of $27m for the three months, compared to losses of $393m in the same period last year. Q4 revenues were $233m, up from $165m from 2001.

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