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Brief: Palm: There are now 20,000,000 new shares available, please buy some, we need cash

September 23, 2009 by Stefan Constantinescu - 2 Comments

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Palm has just issued a press release saying that there are now 20,000,000 new stock shares available for purchase at $16.25 per share. Once the sale is complete, they’re going to pocket around $313.1 million which they’ll no doubt be pumping into more products, further refinements of webOS, and a few more Apple employees. Good luck you crazy bastards, someone needs to kick the iPhone’s ass in terms of technical elegance and a lot of people are counting on you to do just that, myself included.

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