Palm, Inc. reported revenues of $225.8 million for the fourth quarter of fiscal year 2003, ended May 31, 2003, down 3.2 percent from the $233.3 million reported during the comparable quarter a year ago and up 8 percent sequentially. For the fourth quarter of fiscal year 2003, net loss, as measured by GAAP (generally accepted accounting principles), was $15.0 million, or $(0.51) per share. This net loss included restructuring charges of $2.0 million, which included costs of vacating real estate locations and severance payments, amortization of intangible assets of $0.4 million and separation costs associated with the pending spin-off of PalmSource of $3.8 million. This compares to a GAAP net loss for the fourth quarter of fiscal year 2002 of $27.5 million or $(0.95) per share and a GAAP net loss for the third quarter of fiscal year 2003 of $172.3 million or $(5.93) per share.