PALM SHARES SINK AFTER APPLE CLOSES ITUNES SYNC

Palm shares sink after Apple closes iTunes sync

NEW YORK (Reuters) - Shares of Palm Inc fell more than 3 percent on Thursday after Apple Inc closed a loophole in iTunes that had allowed the music management software to be synchronized with Palm's Pre phone.

On Wednesday, Apple released an update to iTunes -- which complements the iPod and iPhone devices -- meant to fix software bugs and "addresses an issue with verification of Apple devices."

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