Palm reports drop in second-quarter profit
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From the Associated Press
Faced with tough new competition, Palm Inc. reported a sharp drop in its fiscal second-quarter profit and revenue but exceeded Wall Street’s expectations.
The maker of Treo smart phones said it earned $12.8 million, or 12 cents a share, in the quarter ended Dec. 1, compared with $260.9 million, or $2.51, a year earlier.
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