Palm gets $100m boost

Palm has received a $100m injection from Elevation Partners (who get Series C stock and warrants).

Palm recently posted a $506m loss, so the money has come just in time as Palm are expected to launch their new Nova operating system at CES in Jan next year.

Whether this injection or the new OS will save Palm is as yet undecided.

By Steve Kennedy

I have over 20 years' experience in the Telecoms/Internet/Mobile industries. I was involved with internet in the UK before it had a commercial presence, internet streaming from its beginning (he was the first UK Real Networks customer), and set-up the first Internet Dance Radio Station ( I was also involved with the first netcast of BigBrother (UK).

I am an acknowledged "independent Industry expert" and uses those abilities in consulting and working with a number of investment partners on various projects. I also am a freelance journalist writing on technology subjects.

I'm also a Director of UKEC Ltd - the UK ENUM Consortium that is the governing body for ENUM in the UK.

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