SAN FRANCISCO (Business 2.0) - SAN FRANCISCO (Business 2.0) - Palm beat analyst expectations today on strong smartphone sales, posting $19.8 million in earnings on $388 million in revenues for its third fiscal quarter ended in February.
Rivals Palm and Microsoft have finally converged. The Palm Treo 700w Smartphone, introduced by Bill Gates in early January, is the first Palm device based on Microsoft's Windows Mobile operating system software instead of Palm's own Palm OS.
Tech stocks managed a slight gain Tuesday in another light trading session, but Intel limited the rise as a number of analysts issued cautious comments on the world's largest chipmaker before its mid-quarter update.
Investors likely will continue to be cautious ahead of next week's Federal Reserve meeting that could usher in higher interest rates, the handover of power in Iraq and a handful of economic readings out at the end of this week.
Geopolitical worries dominated trading Monday, with U.S. stock markets tanking as investors reacted to threats of retribution against the United States and other nations after the killing of the founder of the Palestinian group Hamas.
While the rest of us were furiously scribbling away on our Palm PDAs -- or, perhaps, just waking up to the handheld revolution for the first time -- Wall Street types and techies were forming a cult around a product called the BlackBerry.