Tag archive: Eric Benhamou

Rumors that smartphone and PDA maker Palm might be up for sale have been swirling for months—and, unfortunately, were not eased by the company's high-profile but poorly-received announcement of its Palm Foleo palmtop device. Now the company has announced a major “strategic recapitalization” which will see Palm taking in $325 million from equity firm Elevation Partners in exchange for 25 percent in the company.… Read More

The transactions are expected to close later today, and two new leadership companies are expected to emerge and begin trading tomorrow on the Nasdaq stock market. At Palm's Annual Stockholders Meeting today, stockholders approved the spin-off of PalmSource, Inc., provider of the world's leading operating system platform for mobile computing and communications, from Palm, Inc. Palm will distribute all the shares of PalmSource it… Read More

The Palm board also gave final approval for the spin-off of PalmSource, Inc. “These two bold moves will serve as a powerful catalyst to transform the landscape of the handheld industry. The strategic choice of merging Handspring and the Palm Solutions Group of Palm will create the broadest portfolio and the most-experienced leadership team in the industry, fully capable of delivering value to customers, partners and… Read More