Palm devices like the Palm Plus Pre compete primarily with the Apple iPhone and the BlackBerry from RIM. Source: AP
HB NEW YORK. Revenues are expected in the fourth quarter at less than 150 million U.S. dollars, said the Sunnyvale, Calif.-based company on Thursday after the market closes. PalmShares collapsed after the forecast by 9.4 percent.
By surpassing sales in the third quarter of AppleRival the expectations of the experts. However, the company had lowered himself late February, the forecast for the quarter to 300 to 320 million U.S. dollars. Palm reduced the net loss of 22 million to 98 million U.S. dollars a year earlier. However, the loss before exceptional items fell from greater than predicted by analysts.
The PalmDevices primarily compete with the iPhone Apple and BlackBerry of Research in Motion. Had in February Palm, Says head Jon Rubinstein, the company takes longer than expected to improve awareness of its brand of smartphone customers.