Profit at Palm Fell by 95% in Quarter
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A delay in the release of its newest Treo device prompted the first drop in sales at Palm Inc. in more than three years.
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Palm Inc.  cut its  second-quarter profit and revenue forecasts on Monday, blaming  a delay in shipping its new Treo 750 smartphone in the United  States.
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Palm Inc., whose Treo smart phone is facing increasing competition from Apple Inc., Nokia Corp. and other offerings, said Wednesday it may see a small loss or break even in its fiscal first quarter.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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TOKYO -- Honda Motor Co., Japan&#39;s third-largest automaker, said Wednesday its profit fell 7.5 percent in its second fiscal quarter, adding that the strong yen hurt earnings even though revenue rose.
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Palm, the maker of Treo smart phones, said profit slipped on stock option expenses and slow sales growth amid tougher competition.
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Handheld computer maker Palm Inc.   PALM.O on Thursday posted lower first quarter net income as   costs rose and the company began expensing stock options, but   the results topped Wall Street forecasts.
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Nokia Corp. reported a 20 percent decline in net profit for the third quarter on Thursday, due largely to cuts it made in the prices for its mobile phones. The Finnish handset manufacturer predicted that earnings would fall again in the fourth quarter.
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Texas Instruments Inc  reported lower quarterly profit and revenue on Monday as weak demand for calculators outweighed improving sales of advanced phones that use its wireless chips.
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Bank of America Corp said on Tuesday quarterly profit sank 95 percent, hurt by more than $7 billion of losses tied to write-downs, poor trading decisions and mounting credit woes.
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palmOne is at the head of a downward spiral of the PDA market according to research group IDC. IDC&#39;s figures showed a 8.7 per cent slump year on year for the third quarter of 2004 - the third successive quarter of year on year decline.
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PalmSource cuts its losses in the first quarter, but lost business from Sony leaves the outlook uncertain.
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The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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Palm Inc , maker of the Treo smartphone, on Wednesday posted a quarterly revenue estimate that missed expectations as competition increased from rival devices like Apple Inc's  iPhone.