Palm sells 25 percent stake
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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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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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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.
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Elevated by cash, iPod guru and former Apple CFO Struggling to regain its edge in the smartphone market, Palm has reached an agreement to sell a quarter of the company to a private equity firm and to place a former iPod guru in an executive seat.â¦
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A Qatari investment group said Friday that it has increased its stake in J Sainsbury to 25 percent.
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Microsoft&#39;s Windows CE has knocked Palm off the PDA operating system sales top spot for the first time, newly released market research has revealed.
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- SAN FRANCISCO  - Oracle Corp. Friday said a majority of PeopleSoft Inc. shares have been tendered for its $24-a-share offer, strengthening Oracle&#39;s
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It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
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Guidant Corp.&#39;s 10-year run as one of Indiana&#39;s most successful public companies will end with a $25 billion sale to health products giant Johnson &amp; Johnson.
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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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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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(InfoWorld) - AfterÂ canceling its controversial FoleoÂ product and continuing to struggle with a shift away from the personal digital assistant market, Palm warned on Wednesday that its upcoming earnings report could be weaker than expected. For the quarter ending Aug. 31, Palm will lose $0.01 per share or break even, the company said. Earlier, the company had said it expected a loss of $0.01 or a gain of $0.01 in the period. That compares with a gain of $0.35 per share in the same quarter last year. Palm also narrowed its revenue forecast to between $359 million and $361 million, instead of the previously expected $355 million to $365 million. Palm will release its quarterly earnings report on Oct. 1. The company is facing challenges as it changes its business from one focused on PDAs to one that specializes in smart phones. Earlier this month, Palm announced it wouldn't ship the Foleo, a companion product to itsÂ Treo smart phone, as planned. When the device was announced, analysts said it would be too expensive and wouldn't offer valuable features. Palm said it decided to focus instead on its own software platform that is due out in 2008 or 2009.
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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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Smart-phone 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 brings in a former senior Apple Inc. executive as 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 brings in a former senior Apple Inc.  executive as chairman.
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US sports tycoon Malcolm Glazer has raised his stake in Manchester United to 25.3 per cent, boosting speculation he plans to bid for the world&#39;s richest soccer club.
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A private-equity firm is to take a 25% stake in ailing mobile device manufacturer Palm.