Another Buyback in Palm's Hand
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Purchasing a permanent license to its pioneering OS is a shrewd move.
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A private-equity firm is pumping $325 million into ailing mobile device manufacturer Palm.
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By MAY WONG SAN JOSE, Calif. - 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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No new PDAs likely - Colligan Palm reported revenue of $355.8m for the quarter ending 1 September, with a slim net income of $16.5m. Measured on a non-GAAP basis, the profit was $21.5m.â¦
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Record sales, but numbers still down Palm is still losing money, despite the Centro selling in record numbers (for Palm). The company lost $9.6m in the three months to 30 November, on revenues which are down 11 per cent on last year to $349 million.â¦
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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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- 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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Blog: Jeff Hawkins unveils Palm's latest at D5.
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Palm Inc. has reached a deal to sell a quarter of the company to Elevation Partners, a private equity firm, for about $325 million as part of a plan to reorganize the company.
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Plus: Palm's losses continue...Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent.
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Mobile computer maker Palm Inc.  on Monday said it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, and said it will pay $9 in cash to stockholders.
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Is this a joke or is it a misleading headline? The answer is neither. It&#39;s for real. PalmOne, the handheld manufacturers as opposed to PalmSource, the operating system company, signed a licensing agreement
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Despite Europe's support of the Symbian operating system, Palm will woo users there with its homegrown OS and Windows Mobile.
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Fans of Palm who have been wishing for something to get jazzed about should consider the new Palm Centro - a small, cheap, competent smart-phone.
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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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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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Opinion: While the Palm Inc. spinoff has had a tough infancy, its acquisition of China MobileSoft promises to position it as a formidable contender in the emerging mobile market.