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PG&E woes hurt Handspring

Handspring warned this week that of its $207 million in cash and short-term investments, $7 million is in short-term bonds issued by struggling utility Pacific Gas & Electric. The bonds are set to mature Feb. 20, but Handspring said in its quarterly filing with the Securities and Exchange Commission, "Due to the challenges now confronting the California energy market, the redemption of this obligation is uncertain." The redemption could be postponed, Handspring said, acknowledging that its operating results could be hurt if PG&E doesn't fully redeem the notes.

    Handspring warned this week that of its $207 million in cash and short-term investments, $7 million is in short-term bonds issued by struggling utility Pacific Gas & Electric. The bonds are set to mature Feb. 20, but Handspring said in its quarterly filing with the Securities and Exchange Commission, "Due to the challenges now confronting the California energy market, the redemption of this obligation is uncertain." The redemption could be postponed, Handspring said, acknowledging that its operating results could be hurt if PG&E doesn't fully redeem the notes.