Thursday, June 28, 2007

Palm posts drop in quarterly profit and revenue

(Reuters) - NEW YORK, June 28 - Palm Inc. posted lower quarterly profit on Thursday, with declining sales of its more profitable handheld computers, despite record sales of its Treo smartphones.



Palm said profit fell to $15.4 million, or 15 cents per share, for its fiscal fourth quarter, from $27.2 million, or 25 cents a share in the year-ago quarter.


Read more at Reuters.com Market News

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