Palm (NSDQ: PALM) reported dismal earnings today for the fourth quarter, which ended before the company’s blockbuster new device — the Palm Pre — went on sale June 6. The company’s net loss for the quarter ended May 31 totaled $105 million and for the year it totaled $753 million. Revenues for the fourth quarter totaled $86.8 million, compared to $735.9 million in Q4 2008.
Release. Earnings call (1:30 PST).
Other results:
— Phones shipped: The company shipped 351,000 smartphones during in Q4, increasing 6 percent from Q3, and declined 62 percent year-over-year.
— Cash: The company’s cash, equivalents and short-term investments total $255.1 million. Cash used in Q4 was $72.4 million.

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