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Thursday, June 25, 2009

Palm Posts Better than Expected Q4 Earnings Release

Breaking News: Palm (NASDAQ PALM) reported a 4th quarter loss of 40 cents a share versus a consensus estimate loss of 62 cents a share. A year ago palm reported a loss of 22 cents a share for Q4. Can the smart phone maker be saved by the Palm Pre? It is important to note that sales of the Palm Pre were not included in this quarterly report, as the Pre launched June 6, 2009 and Q4 ended May 31, 2009. Outlook is key for Palm and their stock, as they need to gain market share in the smartphone world. It will be important to hear what they say on the conference call tonight at 4:30 PM EST. The stock closed at 14.02, at first glance the stock seems to be trading up at 14.35 in after hours.

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