MOUNTAIN VIEW, Calif.-Handspring Inc. reported declining revenues and a growing net loss, but said shipments of its new Treo 600 were beginning to ramp up.
The company posted revenues for its first quarter of $13.1 million, down from $14.5 million in the previous quarter. Handspring recorded a net loss of $13.9 million, up from $13 million in the previous quarter.
The company’s stock was down slightly to $1.23 per share following the news.
“We were pleased this quarter to have certified and started shipping the new Treo 600 smart phone on both the Sprint network in the U.S. and the Orange network in Europe,” said Donna Dubinsky, chief executive officer of Handspring. “In addition, we are delighted to be launching the product with support from three additional U.S. carriers, specifically AT&T, Cingular and T-Mobile.”
