Crazy for the Palm Pre

We don’t know just how quickly Palm (or Elevation Partners, for that matter) thought it’d become profitable following the release of webOS , but it’s not there quite yet — the company is in the process of outing its earnings for the second quarter of fiscal year 2010 right now, and in a word, they’re still in the red. The good news is that it’s a marked improvement from last quarter — they’ve gone from a $164.5M GAAP net loss to an $85.4M one this time around. On a non-GAAP gross basis, they actually made $5.5M, which is up from $2.8M a quarter earlier

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Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement