PROBLEM

In 2000, after achieving a commanding share in the hand-held personal digital assistants (PDAs) market, Palm Inc, a wholly owned subsidiary of 3Com made its initial public offering (IPO) to the public in March 2000. Has Net Income increased since the public was allowed to purchase stock in Palm Inc.?

To find the answer to this question, access Palm Inc.’s most recent Annual Report by following these steps: go to www.sec.gov and click on the “Search for Company Filings” under “Filings and Forms (EDGAR)”. Click on “Companies and Other Filers” and key in “Palm Inc” (don’t include the quotes) in the Company Name box. Key in “10-K” (do not use quotes) in the “Form Type” box to the right of the page and click “Retrieve Filings.” Click on the most recent 10-K form that was filed with the SEC. Now click on “Document 1” to view Palm’s Annual Report for the 2003 fiscal year.