April 19th, 2010 by Arjan Olsder Posted in Companies & M&A, Platforms: PalmOS | No Comments »
Hedge fund manager Philip Falcone has purchased a large number of shares of Palm. In total, his company (Harbinger Capital) now owns nearly 9.5% of the troubled hardware vendor.The purchase is a clear sign of fate in the future of the company, and the market reacted positively to it. According to Reuters, the shares rose 3.1% on April 15th.
Tags: Investment . Palm . Philip Falcone . Shares
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