Palm Reports 4Q Loss
Jun 27, 2008
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Palm Inc. reported a loss in its fiscal 4Q. For the three months ended May 31, the company reported a loss of US$43.4 million, compared with a year-ago 4Q profit of $15.4 million. Revenue fell 26% to $296.2 million from $401.3 million. Revenue fell, the company said, because sales of older Treo phones and Palm's traditional handhelds are slowing. Yet at the same time, Palm said it sold a record number of smart phones in the quarter — 968,000 units, or 29% more than in the same period a year earlier.

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