Friday, June 30, 2000

Palm shares rise

CNET News reports Palm shares rose “after the company posted earnings that narrowly beat expectations and confirmed that a memory glitch could cause data errors in some models of its flagship handheld computer.” Palm chief executive Carl Yankowski says this news proves consumers and businesses believe in the Palm platform. “What’s even more impressive,” Yankowski is quoted in the article, “is that we achieved these results despite industrywide component shortages.”

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