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Upbeat sales help Palm shrink loss

The battle of the handhelds continue! Palm and PocketPC have their strong points and weaknesses. The one think that Palm has over Microsoft is their prices. Palm PDA’s start at $100 and go up after that. Alternative Palm manufactures start up at $150, making Palm the most affordable of the bunch. Palm also was the first major corperation to start the PDA, so “Palm” is well known.

“Handheld maker Palm on Tuesday reported better-than-expected fourth-quarter sales and a loss that was narrower than analysts had forecast.

For the three months ended May 31, the Milpitas, Calif.-based company turned in a loss of $15 million, or 51 cents per share, on revenue of $225.8 million. Those numbers compare with a loss of $27.5 million, or 95 cents per share, on revenue of $233.3 million in the same quarter a year earlier.

Excluding certain charges, Palm said it posted a fourth-quarter loss of $8.9 million, or 30 cents per share.” [News.com]

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