Palm, Inc. reported revenues of $209.0 million for the third quarter of fiscal year 2003, ended February 28, 2003, down 28.6 percent from the $292.7 million reported during the comparable quarter a year ago. Non-GAAP net loss in the third quarter–which excludes the effects of amortization of intangible assets, separation costs, impairment charges and restructuring charges –totaled $26.5 million, or $(0.91) per share. This compares to a non-GAAP net loss in the third quarter of fiscal 2002 of $14.0 million, or $(0.49) per share, which excluded the effects of the reduction in special excess inventory costs and amortization of intangible assets. Non-GAAP net income in the second quarter of fiscal year 2003 was $5.7 million, or $0.19 per share, which excluded the effects of amortization of intangible assets, separation costs, and restructuring charges. All earnings-per-share figures have been adjusted for the 1-for-20 reverse stock split effective Oct. 15, 2002.