The company said it expects to report a one-cent loss or to break even for its quarter ended August 31. Previously, it forecast a one-cent profit on revenue of between $355m and $365m. Now it expects revenue ranging from $359m to $361.
Sunnyvale, California-based Palm is facing tough competition for its Treo smartphone. Recently, the company abandoned its Foleo companion device, which was a keyboard and monitor attachment for the Treo, amid skepticism for the product’s relevance and high price.
Shares in the company fell slightly more than 1% to close at $15.62 on the Nasdaq yesterday.
