Aug 19, 2021
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The big shareholder claims Palm still hopeful intellectual mobile phone obtains the enormous business opportunity
The news on March 23, venture capital firm, Palm maximum investor Elevation Partners showed a few days ago, it is believed that Palm could recur, even all backout of other shareholders, Elevation Partners will persist.
Elevation Partners has shares of Palm about 1/3, Elevation Partners thinks: "The market of intellectual mobile phone stills have enormous business opportunity. " The reason why Elevation Partners has confidence in Palm, partly because Palm Chairman and concurrently CEO Jon and Rubinstein (Jon Rubinstein) It is the staff before Elevation.
Elevation Partners claims, Rubinstein and his group have already developed the preferably mobile phone operating system at present. Now, Palm is going through the short run difficult challenge, but Elevation Partners will support Palm as before.
Last week, Palm was released up to the third wealth wealth newspaper in season on February 26, the amount of loss was 18,500,000 dollars, this Palm 11 lose quarter continuously already. Have two analyst regulate under the goal stock price Palm to 0 dollars at least, and think Palm is moving towards dead end.