Palm announces outlook warning
From Times Wire Services
Treo smart-phone maker Palm Inc. said it expected profit to fall in its fiscal first quarter.
For the quarter ended Aug. 31, the company expects to report a loss of 1 cent a share or to break even. Palm will report its full financial statement Oct. 1.
Sunnyvale, Calif.-based Palm has fallen behind on multi-tasking and other improvements for its smart phones. It pulled the Foleo companion device from the market two weeks ago, after the first quarter ended.
