Palm continued to hemorrhage money in the fourth quarter of its fiscal 2009. For the quarter that ended May 31, the firm’s net loss totaled more than $91.5 million. However, the figures it revealed Thursday represent the months just ahead of Palm’s release of the Pre. Palm’s latest smartphone sold 100,000 units in its first weekend on shelves, according to partner carrier Sprint. Investors appeared optimistic: Shares were up nearly 17 percent to $16.36 by Friday afternoon.

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