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Palm Wants Elevation Partners To Sell Stock


 

Posted: 11 Mar 2009
TAGS: palm
Palm Wants Elevation Partners To Sell Stock

Palm has found a way to sustain itself until the release of Palm Pre, which btw is expected to be launched this month. The company is urging their primary investor, Elevation Partners, to sell off half the stock that they got after investing $100 million in Palm back in December. This could help make an additional $49 million, which is a decent amount, especially considering today's economic climate.

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