 Palm's upmarket Tungsten models |
The handheld computer maker Palm has fallen more heavily into the red and admitted that some of its models are not selling very well. The company said it made a loss of $172m (�110m) in the third quarter of the year.
It blamed a big restructuring charge and poor sales of new models of the pocket digital organizers for business customers.
Palm's shares fell from $10.89 to $10.21 in after-hours trade in New York.
The California based company dominates the market for both handheld computers and the software systems that power them.
Delaying decisions
Earlier this month, Palm warned that its income would be hit because sales of its top of the range Tungsten T model has suffered as businesses have cut back spending on technology.
It also warned that restructuring charges would be high and that the property it owned in California had dropped in value because of a fall in commercial property values in Silicon Valley.
Analysts say that an economic recovery would bring about renewed interest in handheld devices and help restor Palm's fortunes.
But with the US-led attack on Iraq, experts said companies might continue to delay decisions about buying computers.
One-Minute World News 
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