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ID: 29715
Title: Palm 3Q profit drops 61 pct. amid rumors (AP)
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An exterior view of Palm headquarters is shown in Sunnyvale, Calif., Monday, Dec. 18, 2006. Palm Inc. reports its fiscal third-quarter results after the closing bell Thursday, March 22, 2007 as feverish speculation of an imminent takeover continues. The Treo smart phone maker has stayed mum on the rumors, though reports citing unnamed sources say a buyout deal could occur before its earnings report. (AP Photo/Paul Sakuma)AP - Palm Inc. reported a 61 percent drop in its third-quarter profits Thursday as speculation of a buyout continued to swirl. Sales of the company's Treo smart phones reached record levels, but increased costs, $5.7 million in stock-based compensation, and $3.7 million in acquisition-related charges hurt Palm's bottom line.


Category: Business/Company Earnings/
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Date Added: March 22, 2007 10:29:14 PM
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