Palm gets private-equity bailout
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Palm Inc.'s financial future looked a little more secure Monday as private-equity firm Elevation Partners said it will pump US$325 million into the mobile device manufacturer.
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SUNNYVALE, Calif. PalmSource -- the maker of Palm operating systems for handheld computers -- plans to introduce new software tomorrow to serve as the brains for so-called smart phones.
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Palm Inc.'s death knell has been rung over and over &#151; on Wall Street, in headlines, and by a growing number of discontented fans.
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Palm handhelds with the Palm OS aren't going anywhere anytime soon. The company has signed a perpetual licensing agreement with the operating system's owners, Access Systems Americas.
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Palm Inc., whose Treo smart phone is facing increasing competition from Apple Inc., Nokia Corp. and other offerings, said Wednesday it may see a small loss or break even in its fiscal first quarter.
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Palm has laid off "a small percentage" of its workforce, largely in its development group.
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The past half-year has been brutal for Palm Inc., which has endured executive churn, restructuring, product delays and investor skepticism.
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The PalmSource chief financial officer jumps ship. Does that mean it's sinking?
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SUNNYVALE, Calif. -- Smartphone maker Palm Inc. will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, the company said Monday, and announced that the former technical guru behind the iPod will become chairman.
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Treo smartphone maker Palm Inc.  said on Monday it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, in a deal that adds a former Apple Inc. executive to its board.
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As expected, shareholders of struggling Palm Inc. approved Wednesday the partial sale of the company to a private equity firm and a change in the board's makeup.
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Faced with mounting competition in the smart-phone market, Palm Inc. is selling a quarter of its company to a private equity firm to arm itself with new leadership, most notably the former technical guru behind the iPod.
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How to buy back PalmSource without buying back PalmSource Palm has effectively committed itself to producing handheld devices based on the Palm OS - which it no longer owns - by agreeing to pay $44m for a perpetual licence for the source code underlying the Garnet incarnation of the operating system. The move is tantamount to Palm re-acquiring PalmSource.â¦
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Smartphone maker Palm Inc. will sell a 25 percent stake to private equity firm Elevation Partners for $325 million and name the former technical guru behind the iPod to be chairman, the company said Monday.
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PalmSource surprised the mobile vendor community today with the announcement that it will acquire China MobileSoft (CMS), ostensibly to leverage that company's expertise in building a mobile version of the Linux operating system.
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PARIS On Tuesday, PalmSource, the maker of the Palm operating system for hand-held devices, is scheduled to announce its first operating system designed specifically for smart phones, mobile phones that allow you to not only make voice calls but also use
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The Dutch private equity firm will sell the stake in the mobile telephone company to a Dutch investor.