14.09.2007 - 18:58
Palm: Markt zu pessimistisch - glaubt Broker
Sunnyvale, California (BoerseGo.de) - Palm zählt zu den Gewinnern des Tages. Der Hersteller von Kommunikationselektronik wurde vom Broker Morgan Keegan von Market Perform auf Outperform hochgestuft. Die Stimmung des Marktes sei vor dem Start der neuen Produkte zu pessimistisch, heißt es.
Außerdem zeige die Partnerschaft mit dem Handy-Dienstleister Sprint überraschende Stärke.
SAN JOSE, Calif. (AP) - Palm Inc. (Nachrichten) said Wednesday it has closed the deal to sell a 27 percent stake of itself to private equity firm Elevation Partners and pay a special distribution of $9 per share to shareholders.
Elevation has invested $325 million in Palm, which will use the money, along with cash on hand and $400 million in new debt, to pay shareholders about $950 million. Sunnyvale-based Palm said shareholders of record as of Wednesday's market close should receive their payments within about two weeks.
The deal, first announced in June, was designed to bring in new leadership to strengthen the market position of the maker of Treo smart phones and handheld digital assistants, which is struggling against increased competition. Apple Inc.'s former senior vice president of hardware engineering, Jon Rubinstein, has now joined the board as executive chairman and will help lead Palm's engineering teams.
Elevation partners' Fred Anderson and Roger McNamee have also joined Palm's board, replacing Eric Benhamou and Bruce Dunlevie. The total number of directors on the board has been increased from eight to nine.
'This transaction lays the groundwork for Palm to recapture our position as the leading innovator and brand of the mobile-computing revolution,' said Ed Colligan, Palm president and chief executive officer.
Palm shares rose 17 cents, or 0.9 percent, to close Wednesday at $19.19.
(This version CORRECTS Edits top two grafs to correct stake in company from 25 percent to 27 percent, and total payout to shareholders to $950 million sted $940 million.)
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Portland (aktiencheck.de AG) - Die Analysten von Pacific Crest Securities stufen die Aktie von Palm (ISIN US6966431057 (Nachrichten)/ WKN A0ETPB) von "sector perform" auf "outperform" hoch. Das Kursziel werde bei 13 USD gesehen. (26.10.2007/ac/a/u)
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