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Handspring hopes to raise $60 million

Handheld maker Handspring has filed a document with the Securities and Exchange Commission to clear the way for a money-raising effort. Once the statement is declared effective by the SEC, Handspring can raise up to $60 million through secured or unsecured debt securities, preferred stock, common stock and warrants. During its most recent earnings call, Oct. 17, the company said it had cash and investments of $145 million--$90 million of which was in cash and short-term investments.

Handheld maker Handspring has filed a document with the Securities and Exchange Commission to clear the way for a money-raising effort. Once the statement is declared effective by the SEC, Handspring can raise up to $60 million through secured or unsecured debt securities, preferred stock, common stock and warrants.

During its most recent earnings call, Oct. 17, the company said it had cash and investments of $145 million--$90 million of which was in cash and short-term investments.