Friday, September 08, 2006

WSJ.com - Palm Falls After Cutting Forecast; Embarcadero Surges on Buyout

Unfortunate timing, as Apple is expected to unveil its smart phone next week... 

Shares of the hand-held computer maker shed $1.22, or 7.9%, to $14.31 on the Nasdaq Stock Market. Palm, citing lower-than-expected sales of its Treo smartphones, said it now expects revenue of $354 million to $356 million, compared with an earlier forecast of $380 million to $385 million.

Source: WSJ.com - Palm Falls After Cutting Forecast; Embarcadero Surges on Buyout

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