Palm wasn’t $31.5 million in the hole last month, more like $57 million

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It just never ends for Palm, the company announced that instead of having a $31.5 million loss for their third fiscal quarter it is instead $57 million due to the collapse of the debt market. Just a reminder, one year ago they were $11.8 million in the green. I’m hoping Palm pulls through, the fact that they are adding a few employees from Apple (1+2, 3) can only do them some good in the long run.

[Via: Yahoo]

[Photo from Flickr]

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