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Palm beats expectations but staff still face chop

It's good, but it's not nearly good enough...

By Will Sturgeon

Published: 20 December 2001 16:30 GMT

Palm has announced better than expected second quarter results, with losses proving lower and revenues higher than analysts' predictions.

The company recorded a net loss of $36.6m, or six cents per share - beating predictions of losses of seven cents per share.

Palm announced revenues of $290.6m for the quarter ended 30 November, compared to revenue of $552.2m this time last year.

The company confirmed it will continue with plans to axe 250 jobs.

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