Friday, September 22, 2006
Tougher competition and stock-option expenses hurt Palm Inc.'s fiscal first-quarter profits, yet investors seemed cheered by the company's strategy for future growth. Shares of Palm closed Thursday at $14.50, down $1.11, or 7 percent, on the Nasdaq Stock Market, but rose 68 cents, or 4.7 percent in extended trading following its quarterly report.
Palm plans to expand its global efforts to grow sales and last week introduced its new Treo 750v in Europe, a region in which the company has had minimal market share. Palm also plans to introduce a lower-priced Treo model for consumers later this year.
Click the link below to read the full release.
Palm plans to expand its global efforts to grow sales and last week introduced its new Treo 750v in Europe, a region in which the company has had minimal market share. Palm also plans to introduce a lower-priced Treo model for consumers later this year.
Click the link below to read the full release.