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Treo 750 delay leads to lowering Shares of PALM


 

Posted: 29 Nov 2006
Treo 750 delay leads to lowering Shares of PALM

Shares of Palm [ PALM ] lowered more than 7% Tuesday due to delays in shipping its Treo 750 in the United States. The company says the revenues will fall between $390 million and $395 million. Earnings per diluted share may be 10 cents to 11 cents. As a reason Palm states a certification delay for its inability to start shipping the Treo 750 in the US . The 750v is already shipping in Europe .

Palm said it now expects the Treo 750 to ship in the United States during its fiscal third quarter. The company announces that it will report full results Dec. 19.

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