Palm gets $100 million investment

Palm gets $100 million investment
With the introduction of the brand new Nova OS expected at the CES in January, Palm received a badly needed cash infusion of $100 million dollars from Elevation Partners. The investment firm already put $325 million dollars into the smartphone manufacturer last year.

The Nova OS is designed to focus on the mobile internet and is an attempt by Palm to stay relevant in a smartphone market controlled by Apple's Iphone and Research In Motion's BlackBerry devices.

source: InformationWeek


1 Comment

1. driv14

Posts: 24; Member since: Dec 29, 2008

As Far as I am concerned Palm has been done for some time now. I have tried and tried to like Palm devices but just can't find myself seeing anything worth keeping it over so many other superior devices. The concept of the treo 750 for att was great, throwin in a lil windows at that time seemed like a great move because their only competition was the att 8125 and the 2125 but the performance on that device was trash. They need some major help in order to be a major player in the wireless industry again.

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