Palm beats expectations but staff still face chop

It's good, but it's not nearly good enough...

Palm has announced better than expected second quarter results, with losses proving lower and revenues higher than analysts' predictions. The company recorded a net loss of $36.6m, or six cents per share - beating predictions of losses of seven cents per share. Palm announced revenues of $290.6m for the quarter ended 30 November, compared to revenue of $552.2m this time last year. The company confirmed it will continue with plans to axe 250 jobs.