Palm reports that its partner Sprint Nextel has been selling fewer of its Pre and Pixi smartphones than expected, reflecting intense competition in the mobile phone market. Palm also reports a greater-than-expected financial loss of 37 cents a share for its fiscal second quarter. Analysts had forecast a loss of 32 cents a share for the quarter.
– SAN FRANCISCO (Reuters) Palm reported a wider-than-expected
quarterly loss as consumers cooled to its new smartphones in the face of fresh
competition including devices based on Google Inc software.
Palm shares fell 7.7 percent after the
company revealed on Thursday that its partner Sprint Nexte…