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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: jjetstream who wrote (86415)	3/27/2001 4:48:48 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

PALM lowers guidance for the 4th quarter: biz.yahoo.com `Palm has recently begun to feel the effects of the deteriorating macro economic environment,'' Yankowski said, ``resulting in a reduced incoming order rate amid signs of what appears to be a sector slowdown. Based on this, we believe that demand is approximately flat to the fourth quarter a year ago in which our revenues were $350 million. At the same time, Palm is going through the most significant product transition in its history, and we currently anticipate volume shipments of the new m500 series in the last month of our fourth quarter. Taking all of this into account, we expect our fiscal fourth quarter 2001 revenues in the range of $300 million to $315 million.'' In addition, the company expects to report a net loss in the fourth quarter of approximately $0.08 per share.

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