Comments on: Palm Closes Elevation Recapitalization Deal

Palm today announced that its recapitalization plan with the private-equity firm Elevation Partners has closed. Elevation has invested $325 million in Palm, and the company will utilize these proceeds along with existing cash and $400 million of new debt to finance a $9 per share cash distribution. Palm shareholders of record as of Oct. 24, 4 p.m. EDT, should receive the cash distribution within approximately 10 business days.

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Mid-2009 before new products come out

SeldomVisitor @ 10/25/2007 7:48:53 AM #

== "...A new operating system is among the chief
== priorities for Palm, Rubenstein said. He added it
== will take 18 months before new products come out..."

-- http://tinyurl.com/2dze6k

The content of the above URL may have a short lifetime - read soon!

RE: Mid-2009 before new products come out

awawa212 @ 10/25/2007 9:44:32 PM #

Exactly! Will anyone still be interested in Palm OS (new or old) in 18 months?

If a new OS is a top priority for Palm, why is it still 18 months away? How about offering the ACCESS OS an option now, Palm? Maybe I just want the world, but something that doesn't crash 8-10 times a day has been needed for a few years now.

First Asus Eee PC reviews coming in...it's a good 'un!

hkklife @ 10/25/2007 9:50:30 PM #

http://laptopmag.com/Review/Exclusive-First-Review-Asus-Eee-PC-701.htm

Pilot 1000-->Pilot 5000-->PalmPilot Pro-->IIIe-->Vx-->m505-->T|T-->T|T2-->T|C-->T|T3-->T|T5-->TX-->Treo 700P

Reward?

Gekko @ 10/26/2007 12:23:54 PM #

>"We are also pleased that we can reward our shareholders with this $9 cash distribution, and provide them with the opportunity to be rewarded further through their continued long-term investment in Palm."

hey colligan, this $9 is not a cash reward, it came right off of the shareholders backs from the stock price.

RE: Reward?

SeldomVisitor @ 10/26/2007 1:21:57 PM #

Actually, it came right out of the shareholders' pockets, went to PALM, then came back sometime later without interest.

Not much of a reward still, gotta admit.

Last one here at Palminfocenter please turn off the lights

Fake Jeff Hawkins @ 10/28/2007 5:06:48 PM #

"Articles" about a case for the Centro and bugfixes for apps? Almost no posts to the Centro review? Sad to see, but it looks like Palminfocenter is now on life support. Will the plug be pulled soon? I hear plans are to morph PIC to MOBILEinfocenter, but I doubt anyone will care. The ancient Treos will be facing these lions over the next year:
- iPhone II with broadband wireless and official support for third party apps
- smarter dumbphones
- smaller Blackberrys
- Motorola, Samsung, Sony Ericsson, Nokia, etc smartphones

It's going to be a slaughter.

Even the stillborn Foleo was pounded by the Asus Eee PC.

Anyhow PIC, thanks for the memories!

P.S. Treocentral also appears to be going down for the count. Pretty sad that Palm has managed to alienate its rabid fan base so quickly with its killing off handhelds, crappy quality control, failure to fix bugs and its constant rehashing of the Handspring Treo 600.

FJH

RE: Last one here at Palminfocenter please turn off the lights

freakout @ 10/28/2007 7:45:24 PM #

- iPhone II with broadband wireless and official support for third party apps
And STILL no real keyboard, buttons, removable battery, MMS, blah blah blah...

- smarter dumbphones
And even stupider interfaces!

- smaller Blackberrys
No touchscreen. Boring!

- Motorola, Samsung, Sony Ericsson, Nokia, etc smartphones
See earlier 'interfaces' comment...

The Treo ain't perfect, but the competition sure as hell isn't either.

By the by, how many times have people claimed "This is the final nail in the coffin" or "this place is on life support" or other such similar rubbish? It's a cliche`, people...

RE: Last one here at Palminfocenter please turn off the lights

vorlon @ 10/28/2007 8:21:22 PM #

>"Articles" about a case for the Centro and bugfixes for apps?

Yeah, there should only be articles about huge events. For the last 6 months, there should have been three news items: Foleo, No Foleo and Centro. The same goes for CNN, I don't need to hear about a politician unless he's assassinated! People looking for news about a case or applications should go to a some great site dedicated to news about Palm, like PIC. Oh wait...