CNET también está disponible en español.

Ir a español

Don't show this again

Palm raises $18 million

Tech Industry

Palm said Friday that it has raised $18 million by selling 1.2 million shares to an institutional investor at a price of $15 a share. Palm said the investment, which was made through its existing $200 million shelf registration on file with the Securities and Exchange Commission, will be used for "general corporate purposes." Palm said the purchase price represents a "nominal discount" to the average trading price over the last 15 days. Palm shares closed Friday at $16.32, up 23 cents, or nearly 1.43 percent.

Close
Drag
Autoplay: ON Autoplay: OFF