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Palm Posts Quarterly Loss

Posted by: ADMIN on: December 20, 2007

Palm Inc. reported a second quarter loss of $9.6 million, or 9 cents a share, compared to the year-ago quarter’s net income of $12.8 million, or 12 cents a share.

Palm Inc. further said that they expect to lose $30 million to $33 million, or 31 to 33 cents per share, on revenue of $310 million to $320 million in the current quarter.

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