A Little Less Sweaty at Palm

Extra financial cushion, new more-capable models, and some nifty deals are helping to steady the handheld king's hand

In May, it looked like Palm Chief Executive Carl Yankowski was starting to lose his grip on the handheld-computer market. Sales were tanking, inventories were rocketing, and the red ink was flowing. Lofty expectations for triple-digit growth suddenly seemed unachievable as Palm's (PALM ) dwindling cash reserves presented the possibility of the company going from market leader to also-ran.

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