Thursday, June 28, 2007

Palm quarterly profit drops, expects iPhone effect

(Reuters) - Palm also said it could post a small loss on declining revenue this quarter due to slow summer sales and fears that Apple Inc.'s widely anticipated iPhone -- due to launch on Friday -- would temporarily hurt demand for Treos.




"It's likely that as people try out, there may be some stall in our sell-through," Palm Chief Executive Ed Colligan told Reuters in an interview.


Read more at Reuters.com Business News

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