Palm swings to 1Q loss

As rivals' stock prices reach trading highs amid robust sales, Treo smart phone pioneer Palm Inc. is painting a disappointing quarterly outlook while urging investors to be patient as it strives to regain strong growth.

For now, however, investors do not appear enthused.

Shares of struggling Palm fell nearly 5 percent in after-hours trading Monday after the company said it swung to a small loss for its fiscal first quarter and forecast lower-than-expected results for the current quarter.

Read Full Article from MLive.com

- Posted: 2007-10-02 10:31:58

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