Earnings: Palm Q1 Losses Jump; CEO Says They Are “In The Midst Of Our Transformation”


Palm (NSDQ: PALM) lost $41.9 million or 39 cents a share during its fiscal first quarter 2009, which widened significantly compared to the year-ago period when it recorded a loss of $841,000 or 1 cent a share. Revenues still managed a 1.7 percent gain, increasing to $366.9 million in Q1 2008 from $360.8 million in the year-ago period. Palm’s CEO Ed Colligan:

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