Palm issues warning on sluggish smartphone sales

03/19/2010 | Wall Street Journal, The · · Reuters

Palm's shares fell 14% after the market closed Thursday when it warned that disappointing sales of its Pre and Pixi smartphones would cause fiscal fourth-quarter revenue to drop below $150 million, less than half of analysts' expectations. In its third quarter, Palm said it shipped 960,000 smartphones, but only 408,000 of those were actually sold, far below what analysts had predicted.

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Wall Street Journal, The · · Reuters

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