Comments on: Palm Puts A Price On Public Offering, Embiggens Pool

Big bucks!As part of last week's quarterly financial announcments, Palm Inc. announced a public offering of common stock - 16 million shares in total. Something seems to have changed in the interim, because the company has now increased the offer to 20 million shares @ $16.25 a share. Apparently, this will net Palm a cool $313 million bucks.

Do I understand what any of it means? Not at all. This financial gumph makes my eyes glaze over. But for those interested, the full financial details and press release are viewable after the jump.

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To the moon, Alice!

SeldomVisitor @ 9/23/2009 9:58:31 AM # Q
A comment elsewhere says it all:

== "Palm should give up on selling phones
== and instead simply sell stock in the company"

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vocab lesson

rmhurdman @ 9/23/2009 11:53:40 AM # Q
Excellent use of the "word" embiggens!

What this means is that the same pie is being split more ways now. I am shocked that the shares have risen from $1.50 to over $15.00, so either the company has a future, or stock investors are unable to foresee the future.

RE: vocab lesson
Tim Carroll @ 9/23/2009 2:11:44 PM # Q
^^ Heh. A little from column A, a little from column B...?

(I tried to work "cromulent" in there as well, but gave up in the end. Next time...)

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