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September 20, 2007

Palm will report a loss; SVP engineer departs

Palm has warned that it might show a slight loss for the first fiscal quarter.

The company’s outlook for the quarter represents a substantial drop in earnings from the year-ago period, when the company had a profit of 16 cents a share, or 21 cents when special items were excluded.

The NY Times story reports that "Palm shares lost 29 cents in after-hours trading Wednesday."

Michael Farese, Palm's SVP of engineering, has accepted the position as the new CEO of BitWave Semiconductor.


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