Financial Times FT.com

Palm reports $506.2m in losses

By Kenneth Li in New York

Published: December 18 2008 23:22 | Last updated: December 18 2008 23:22

Palm reported more than a half a billion dollars of net losses in its fiscal second quarter as it lost more customers to rivals Apple and Research In Motion (RIM), maker of the BlackBerry.

The maker of the Treo smartphone said its second quarter net loss widened to $506.2m, or $4.64 per share, from a loss of $8.85m, or 9 cents per share year earlier. Shares fell 11 per cent in after hours trading.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this