Palm posts loss for first time in 4 years
Palm posted disappointing financial results Monday, swinging to a loss for the first time since 2003.
During the company's first fiscal quarter of 2008, which ended August 31, Palm recorded a net loss of $800,000, compared with net income of $16.5 million last year. Smart phone revenue was up 21 percent, but overall revenue was up just 1 percent from $356 million last year to $361 million this year.
Much has been made about the effect of the iPhone on Palm, but were that it's only problem. Everyone's passing Palm by these days as the … Read more