Palm to sell stake to Elevation Partners: report
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Palm Inc.  will sell a 25-percent stake to Elevation Partners, a Silicon Valley private equity firm, for $325 million, the Wall Street Journal reported in its online edition on Monday.
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Palm OS developer PalmSource Wednesday reported a profitable quarter on increased sales compared to the same quarter a year ago. By Mobile Pipeline News.
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Handheld computer maker Palm Inc.   PALM.O on Thursday posted lower first quarter net income as   costs rose and the company began expensing stock options, but   the results topped Wall Street forecasts.
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Project Red (and White) Elevation Partners, the Silicon Valley private equity outfit backed by Pope-bothering U2 frontman Bono, is eyeing a stake in FA Championship obscurists Sheffield United, it's claimed.â¦
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Eric Benhamou will resign as chairman of PalmSource Inc. on Oct. 28, the company announced Friday. The company said it expects he will continue in his role as chairman of sister company PalmOne Inc.
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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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Nasdaq  may sell its stake in the London Stock Exchange  to Borse Dubai and make a joint bid with the Gulf exchange for Nordic exchange owner OMX , The Daily Telegraph said on Monday.
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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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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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(InfoWorld) - Palm plans to announce a new type of mobile device on Wednesday as it continues its product-line transition from simple PDAs to more advanced smartphones. Consumer electronics vendors are rushing to develop handsets that offer mobile e-mail and Internet browsing instead of merely calendars and contact lists. Apple added fuel to this fire in January when CEO Steve Jobs announced he would launch the iPhone in June, combining the iPod music player with a digital camera, smartphone, and touchscreen display. Now Palm is telling industry watchers that founder Jeff Hawkins will unveil the new device during his talk at a trade show in Carlsbad, California called D: All Things Digital. Palm is keeping quiet about the details, even declining to brief industry analysts ahead of the announcement. But one possibility is theÂ Linux-based smartphoneÂ that Palm CEO Ed Colligan has promised to release before the end of 2007. Such a device would improve performance compared to Palm's current Treo by running the Palm OS on top of a Linux kernel, Colligan told analysts at the company's annual investor day in April. Palm will also continue to use Microsoft's Windows Mobile OS. In the PDA segment,Â vendors used Windows on 62.1 percent of handsets in the first quarter of 2007, compared to just 0.7 percent for Linux, according to Gartner. By continuing to develop applications on both tracks, Palm hopes to win customers by offering them more options with its Treo smartphone than competitors like Research in Motion's BlackBerry, Motorola's Q, and Samsung's BlackJack. Another possibility for Palm is to re-architect its Treo into a more stylish, consumer-friendly device, said analyst Jack Gold, founder of the research firm J. Gold Associates. "They are being left behind by the likes of BlackBerry and Nokia and Moto as far as device design goes," Gold said. "I wouldn't be surprised to see a new navigation paradigm but not too far away form a standard phone. They don't want to lose their bread and butter clients, who are mostly business users who want an e-mail device."
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PalmSource has bought mobile phone software developer China MobileSoft with a view to developing a version of Palm OS Cobalt that will run on Linux in mobile devices.
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Palm Inc.  posted lower  quarterly earnings on Thursday as increasing sales of its Treo  smartphones were offset by a downturn in its more profitable  handheld computers.
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Palm Inc , the maker of Treo cell phones, forecast lower-than-expected revenue amid tough competition from Research in Motion Ltd's  Blackberry and Apple Inc's  iPhone, sending its shares tumbling 12 percent on Tuesday.
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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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Elevation Partners invests $325 million in struggling maker of handhelds and adds former Apple exec to Palm's board.
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- Palm Inc.  said it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, and use the proceeds along with the cash on hand and new debt to pay $9 in cash to stockholders.
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PDA and smartphone maker Palm on Monday announced a recapitalization plan that will plant two former Apple executives on the company&#8217;s board of directors and will infuse $325 million in funds into the company. In return, Palm&#8217;s selling a 25 percent stake to Elevation.