Palm Beats, Mum on Buyout

For the fourth-quarter of fiscal 2007, Palm said it expects revenue to be in the range of $400 million to $410 million, with earnings between 13 cents and 16 cents a share. Analysts were expecting revenue of $415.9 million and earnings of 15 cents a share.

Gross margin in the fourth quarter is likely to be between 35.9% and 36.4% on a GAAP basis and between 36% and 36.5% on a non-GAAP basis.

Palm also said earlier that a U.S. district court has granted a stay of proceedings in the patent infringement litigation brought against the company by NTP.