TITLE

New Handset, OS Boost Palm Shares

AUTHOR(S)
Schachter, Ken
PUB. DATE
January 2009
SOURCE
Red Herring;1/8/2009, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that shares of Palm Inc. rose $1.05, or 32 percent, to $4.35 in January 2009 after the maker of handheld devices unveiled a new operating system and handset designed to help it recoup its position in the smartphone market it helped pioneer. Palm's shares have fallen from a 52-week high of $8.94, but a $100 million cash infusion in December 2008 from Roger McNamee's Elevation Partners has bolstered the company's capital cushion. The mobile device has Wi-Fi, Bluetooth, GPS, a 3-megapixel camera and a removable battery.
ACCESSION #
36602862

 

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