Comments on: Palm Stock Split Today
Palm Inc's recently announced 2 for 1 stock split took effect today. The split has increased the number of PALM shares outstanding to more than 100 million, from 51 million. Palm made the move to help the company align its capital structure to that of other companies with comparable revenue. It is currently trading at a split adjusted $20~ per share. Palm will be announcing earnings and 3Q FY06 results next week.