Palm posts net loss on restructuring charges (USA)Palm reported a net loss of USD 9.6 million for its fiscal second quarter to 30 November, hurt by some USD 10 million in restructuring charges. The result compares to a profit of USD 12.8 million in the year-earlier period. The smartphone maker’s sales fell to USD 350 million from USD 393 million a year ago. Smartphone sell-through for the quarter was 686,000 units, up 11 percent year over year. The company said it’s working to lower operating costs and focus on products expected to contribute the most to long-term success. For the third quarter, it forecast revenues of USD 310-320 million and a net loss of USD 30-33 million, including USD 16-18 million in restructuring charges.
Wireless Mobile Telecom Wireless News
