Elevation Doubles Down on Palm

Schachter, Ken
December 2008
Red Herring;12/22/2008, p2
Trade Publication
The article reports on the increase in the shares of Palm Inc. following announcement that its private equity backer, Elevation Partners, had agreed to pump an additional $100 million into the company. Elevation previously had amassed 325,000 shares of Palm convertible preferred. The new investment also will give Elevation warrants that could be converted to common stock at $3.25. Palm has lost market share to Apple's iPhone, Research In Motion's BlackBerry line and phones using Google's Android operating system.


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