NEW YORK (Dow Jones)--Palm Inc.'s (PALM) shares fell as much as 4.9% on
heavy volume a day after the company said its quarterly loss more than
quadrupled as its much-hyped Pre device failed to spark a rebound.

The smart-phone maker also warned of weak demand for its products in the
current quarter and forecast revenue below Wall Street expectations. It
expects revenue of $240 million to $270 million, while analysts estimated
$347 million. "