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

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