Palm wows one crowd for sure: Its investors
While reactions to Palm’s new Pre device are still trickling in, it’s already pretty clear that one group liked what Palm offered up at CES today: Its investors.
Palm’s stock is currently up over 30 percent on the day. While it opened the day at $3.36 a share, it currently stands at $4.30 a share. The stock immediately shot up following the Pre’s unveiling, before dropping back down to the $3.60 a share-range, but with the keynote… Continue Reading
Conversation with McNamee: Three fit the bill — RIM, Palm and Apple
VentureBeat talked last night with Roger McNamee (pictured left), asking him why his firm, Elevation Partners, would want to buy into Palm, a company that many people see having a tough time ahead, given intense competition.
Some doubt its chances of survival as a standalone company.
[See our initial coverage of Elevation's $325 million in investment into Palm. Also see the Mercury News coverage. The Elevation-Palm deal comes amid a wave of M&A activity -- see coverage... Continue Reading