Elevation Doubles Down on Palm

Schachter, Ken
December 2008
Red Herring;12/22/2008, p2
Trade Publication
The article reports on the increase in the shares of Palm Inc. following announcement that its private equity backer, Elevation Partners, had agreed to pump an additional $100 million into the company. Elevation previously had amassed 325,000 shares of Palm convertible preferred. The new investment also will give Elevation warrants that could be converted to common stock at $3.25. Palm has lost market share to Apple's iPhone, Research In Motion's BlackBerry line and phones using Google's Android operating system.


Related Articles

  • Cruising for convertibles. Brown, Carolyn M. // Black Enterprise;Mar1999, Vol. 29 Issue 8, p58 

    Reveals the companies that offer attractive convertible mutual funds as of March 1999. Benefit from purchasing undervalued bonds; Purpose of the bond in the event of hostile takeover; Suggestions on buying a convertible fund.

  • Long-run abnormal performance following convertible preference share and convertible bond issues: New evidence from the United Kingdom. Abhyankar, Abhay; Ho, Keng-Yu // International Review of Economics & Finance;2006, Vol. 15 Issue 1, p97 

    Abstract: We study the long-run abnormal performance of a sample of U.K. firms following convertible preference share and convertible bond issues over the period 1982�1996. We are the first to study, as far as we are aware, the long-run stock price performance of firms following convertible...

  • Elevation Vindicated? MacFadyen, Ken // Mergers & Acquisitions Report;5/3/2010, Vol. 23 Issue 18, p5 

    The article reports that Elevation Partners will gain from Hewlett Packard's acquisition of Palm, Inc., in which Elevation Partners has been continuously investing. The acquisition of Palm, Inc. by Hewlett Packard for 1.2 billion dollars allows Elevation Partners to vindicate itself from the...

  • Venture Capital Firm Injects Palm with US$100 Million Infusion.  // IT Professional;Jan/Feb2009, Vol. 11 Issue 1, p8 

    The article reports that venture capital firm Elevation Partners LP has invested $100 million in Palm Inc., manufacturer of the Centro and Treo smart phones. It says that Palm has planned to launch its new product line at the 2009 Consumer Electronics Show, which include a Linux-based smart...

  • Convertible preferred.  // Investment Dealers' Digest;01/26/98, Vol. 64 Issue 4, p23 

    Presents a ranking of investment banks in the United States based on the volume of convertible preferred shares they managed in 1997.

  • INVESTMENT BANKING DATABASE: Technology.  // Investment Dealers' Digest;4/22/2002, Vol. 68 Issue 16, p18 

    Presents charts and graphs depicting the technology in investment banking. Market share of Morgan Stanley; Estimation of the technology underwriting volume; Stock price of RosBusiness Consulting.

  • INVESTMENT BANKING DATABASE: FIGs.  // Investment Dealers' Digest;4/22/2002, Vol. 68 Issue 16, p22 

    Presents charts and graphs depicting the investment banking. Stock price of Europtronic Group; Debt of General Electric Capital; Market share of Merrill Lynch.

  • INVESTMENT BANKING DATABASE: Energy.  // Investment Dealers' Digest;4/22/2002, Vol. 68 Issue 16, p26 

    Presents charts and graphs depicting energy in investment banking. Acquisition of CPL Retail Energy and WTU Retail Energy by Centrica PLC; Market share of JP Morgan Chase; Stock price of Swift Energy.

  • Price Adjustment Delays and Arbitrage Costs: Evidence from the Behavior of Convertible Preferred Prices. Ji-Chai Lin; Rozeff, Michael S. // Journal of Financial & Quantitative Analysis;Mar1995, Vol. 30 Issue 1, p61 

    Price adjustment delays occur between in-the-money convertible preferred stock prices and common stock prices. Convertible preferred prices systematically deviate from the prices predicted from their conversion relations with common stocks. The price predictability stems from price changes in...


Read the Article


Sign out of this library

Other Topics