Fool Video: Invest in Palm, Invest in the Next iPod?
Palm sells 25% of its business AND brings in the man behind the iPod. Should investors buy Palm?
Jun 4, 2007 at 12:00AM
Shares of Palm (NASDAQ:PALM) gained more than 9% on Monday, after the company announced that it was selling a 25% stake in its business to private equity firm Elevation Partners. As part of the deal, the man behind Apple's (NASDAQ:AAPL) iPod will be joining Palm. Is it time to invest in Palm? I ask Motley Fool contributor Tim Beyers.