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Palm's (NASDAQ: PALM) fiscal first-quarter 2010 earnings showed the company narrowly meeting shipment expectations for its flagship Palm Pre -- but still posting a net loss for the quarter and lowered estimates for the next three months.

The industry has been watching to see whether the pioneering device maker can make a comeback on the strength of its Pre and Pixi phones and their webOS software, which is aimed at attracting a wide ecosystem of developer partners.

So far, the jury's still out.

During the quarter, the company shipped a total of 823,000 smartphones -- mostly Palm Pres, it said. The shipment represents a 134 percent increase from the fourth quarter of fiscal year 2009, but a year-over-year decrease of 30 percent, according to Palm.

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