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Palm numbers suggest dire quarter for handhelds

The PDA industry looks set for another quarter of bloody retreat, if an earnings warning by Palm Inc holds true.

Santa Clara, California-based Palm warned yesterday that its fourth quarter fiscal figures would fall way short of expectations, but said this was down to an industry downturn in PDA sales, which it insisted would soon be reflected in other vendors' numbers and market research figures. Palm had forecast that sales for its fourth fiscal quarter ending May 31 would be $290m to $300m, and that it would breakeven. Yesterday, it said that sales would be around $230m, and that it would not meet the break even target.

News source: The Reg

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