Life is gloomy in the shade of the Blackberry. The handheld computer company Palm was once a global leader in electronic organisers for chronically busy people -but it has wilted beneath a formidable competitor.
Famed in its prime for its ground-breaking Palm Pilot, the Californian company is facing difficult times. It is juggling manufacturing delays, profit warnings and a rival product so addictive that it has been nicknamed the Crackberry. Palm was preparing last night to publish second-quarter earnings which were forecast to show a fall in revenue from last year's $444m (£227m) to between $390m and $395m. Its shares slipped 13 cents to $13.62 in early trading on the hi-tech exchange Nasdaq. The stock has tumbled by 44% since April. --
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12-20-2006 -
