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Palm's IPO price signals confidence

Palm seems sure of the popularity of its forthcoming public offering, doubling the price analysts had anticipated, but industry watchers wonder whether rivals will soon catch the handheld leader.

 

  latest developments 

Palm seems confident about its forthcoming public offering, doubling the price analysts had anticipated, but industry watchers wonder whether rivals will soon catch up.

"It's great that they're the first, but they're also going to be subject to the vagaries of the market forces because they're the bellwether."

- Jill House, International Data Corp. analyst

 


Palm IPO price doubles on demand
The handheld specialist, which 3Com will spin off in an initial public offering this week, more than doubles its projected selling price amid rising demand for the shares.

Analysts eye Palm's new strategy as IPO looms
The 3Com spin-off, set to go public this week in one of the most-anticipated recent offerings, could face a tough road ahead as well-heeled competitors close in.

Palm to unveil wireless handhelds in Europe
Palm will introduce a model with built-in wireless connectivity for Europe before the end of this year.

Previous coverage
Palm to unveil first color-screen device
3Com unveils its Palm IIIc device, which features a color display, although questions remain on how the handheld computing market will react to it.