PDA Wars: Round 2

Palm, Handspring and Pocket PCs slug it out to be the next small thing

These are not numbers that warm the CEOs hearts--their stock prices at all-time lows, minuscule earnings and only a smidgen of the population as customers. So why are executives at handheld-computer makers Palm and Handspring smiling? Because even though profits stink and "high tech" is practically a disease on Wall Street, sales are booming at both companies. Someday, they hope, their profits will be too.

As PC sales wither and dotcoms disappear, handheld-computer makers are enjoying a rather solitary spring fling. Just look at the flurry of new-product announcements in the past few weeks. From Handspring's razor-thin Visor Edge to a...

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