The news sparked concerns that the maker of the Treo phone could miss
out on the critical end-year holiday shopping season for a second year
in a row due to poor execution.
The disappointing preliminary results, which came after a
warning in October, contrast with successes by rival devices such as
Apple’s iPhone and Research in Motion’s Blackberry push into the
Palm said it now expects to report fiscal second-quarter
revenue in the range of $345 million to $350 million, down from its
previous forecast of $370 million to $380 million. Analysts on average
were expecting $376 million, according to Reuters Estimates.
The shortfall was primarily due to a delay in shipping a
product that Palm had expected to have been certified in the quarter,
the company said, without giving any more details.
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