<A HREF="http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=153400&TICK=PALM&STORY=/www/story/06-26-2001/0001522148&EDATE=Jun+26,+2001">Palm, Inc.</A> has reported revenue of $165.3 million for its fourth quarter of fiscal 2001, ended June 1, 2001, exceeding the company's revised guidance of $140 million to $160 million set on May 17. Palm reported revenue of $350.2 million in the fourth quarter of fiscal 2000.

Pro forma operating loss was $153.6 million for the fourth quarter of fiscal 2001. Pro forma operating loss excludes the effects of amortization of goodwill and intangible assets, purchased in-process technology, legal settlements, separation costs, and three additional charges recorded in the fourth quarter--an excess inventory charge, a restructuring charge, and an asset impairment charge. Palm had said earlier that it expected a fourth quarter pro forma operating loss between $170 million and $190 million. Palm's pro forma operating income in the fourth quarter of fiscal 2000 was $13.4 million. Pro forma net loss was $89.2 million, or $0.16 per share, for the fourth quarter of fiscal 2001. This compares to pro forma net income of $17.2 million, or $0.03 per share, for the fourth quarter of fiscal 2000. Actual net loss for the fourth quarter was $392.1 million, or $0.69 per share, compared to net income of $12.4 million, or $0.02 per share, for the comparable quarter last year.