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 SAN JOSE, Calif. (AP) - Lingering questions about Palm Inc.'s future did not get any clearer as the smart phone maker reported record Treo sales, a 61 percent drop in profits, and a lukewarm forecast.
Palm's fiscal third-quarter results released Thursday gave Wall Street little stimulation after investors earlier in the day sent shares plummeting nearly 9 percent as rumors of an immediate buyout from Motorola Inc. faded.
Palm shares gained 14 cents in extended trading after falling $1.71 to close at $17.74 on the Nasdaq Stock Market.
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