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Palm warns of loss, sparks holiday sales worries

December 7, 2007 by kai Leave a Comment

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
market.

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.

Click here to read the rest of the article. 

Filed Under: Tech News Tagged With: Apple, iPhone

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