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Positive Financials Sparks Interest by ESR.

Publication: M2 Presswire
Publication Date: 22-JUN-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-22 June 2004-Emerging Stock Report: Positive Financials Sparks Interest by ESR(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:06222004

The Emerging Stock Report has added PalmOne Inc (Nasdaq:PLMO) to our "stocks of interest" portfolio. ESR believes that after releasing positive financials yesterday after market the company could be poised for a run in the upward direction that will bring this company to the next level.

In the fiscal fourth quarter ended May 28, the Milpitas-based company earned $13.3 million US, or 27 cents a share, on revenue of $267 million. A year earlier the company reported a loss of $15 million, or 51 cents a share, on revenue of $217 million.

Analysts had been expecting fourth-quarter earnings of 13 cents a share on revenue of $256 million, according to Thomson First...

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