Palm posted its 3rd quarter earnings report for 2009, and boy do things look ugly. The outfit posted a $95 million dollars net loss, shifting a mere 482,000 units in the market during the last quarter, representing a drop of 43% in unit sales from a year ago. Revenues for the quarter droped 71 percent over last year, from $312 million to just $90.6 million. Despite things looking bleak, Palm has its hopes pinned on the Palm Pre as its last hope for recovery. CEO Ed Colligan has asserted that its much awaited Pre is on schedule to be released sometime in the second quarter.

Note to Ed Colligan: You’d better get it right the first time with the Pre, cause it doesn’t look there is much juice left in this company.