Handspring, Macromedia weigh in with negative earnings
Handspring today reported a first-quarter loss of US$32 million, as revenues slumped to $61.4 million. The company blamed fierce competition, and the associated price cuts, as well as lackluster demand and a weak economy for its disappointing results. The company did meet its own revenue and expense targets, however. Macromedia, meanwhile, reported a second-quarter loss of $70.7 million on revenues of $87.1 million.
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