Shares of PALM dive after Treo 750 delay

Nov 28 2006 - 05:18 PM ET | Palm

palm-logo.jpgShares of Palm [PALM] traded down more than 7% Tuesday after the company announced lowered projections for the upcoming quarter and revealed that the Treo 750 was behind schedule. Palm blamed a certification delay (likely the FCC) for its inability to start shipping the Treo 750 in the US. The 750v is already shipping in Europe.

The 750 device is now expected to ship in the US early in the quarter starting December 2nd.