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Palm Loses $85.4 Million for Q4 2009 |
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Written by Top Ten List
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Wednesday, 23 December 2009 |
Well Palm certainly is one of the most troubled companies in America, whereby the company fired practically thousands of their workforces just earlier this year. Nevertheless, it also seems that Palm is one of the most underperforming companies in America, whereby investors have projected mega-losses for the company. Also, according to the latest figures released by the company, it seems that Palm made $85.4 million loss for the latest quarter this year. However, analysts have mentioned that the latest figures are slightly better when compared to the projected loss of $164.5 million which was forecasted earlier.
Of course, since Palm has $580 million in cash stashed in someplace as well as in other short-term investments, I’m pretty sure that the company can still withstand the $85 million that they loss this quarter.
Do you think that Palm will perform better next year?
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