Wednesday, March 29, 2000

Palm financial results

Palm, Inc. reported financial results for its third fiscal quarter, which ended February 25, 2000. Revenues increased to $272.3 million, a 116% increase over the $125.9 million in revenues Palm had for third quarter fiscal 1999. Excluding separation costs of $8.2 million in the current quarter and purchased in-process technology of $2.1 million in the prior year quarter, pro forma net income was $15.5 million, or $0.03 per share, an increase of 78 percent over pro forma net income of $8.7 million, or $0.02 per share for the third quarter of fiscal year 1999.

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