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Tuesday March 10, 2009 12:10 pm
Palm Sells Shares to Survive
How do you keep your company going in this evil recession? If you are Palm, you sell about 18 million shares of its stock. The proceeds will pay off $49 million in debts to Elevations Partners and the rest will go back to Palm, so that they can stay alive until the Pre is available in Q2. If you are considering the purchase of one, this might be a way to help the California company and get your own share of the phone.
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