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Palm announces outlook warning

September 20, 2007|From Times Wire Services

Treo smart-phone maker Palm Inc. said it expected profit to fall in its fiscal first quarter.

For the quarter ended Aug. 31, the company expects to report a loss of 1 cent a share or to break even. Palm will report its full financial statement Oct. 1.

Sunnyvale, Calif.-based Palm has fallen behind on multi-tasking and other improvements for its smart phones. It pulled the Foleo companion device from the market two weeks ago, after the first quarter ended.

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