Palm revised the warning it gave at the end of February which alerted investors to a $31.5 million loss: Now the company has recorded a $57 million loss for the company's third quarter. The revised loss follows a $25 million write-down for auction-rate securities that lost value since the collapse of the debt market earlier this year. Palm said last week that it had sold a million Centros in the U.S. since it introduced it last September.

For more on Palm's financial woes:
- read this NYTimes article about Palm's $57 million loss