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.

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Mac Greer owns no shares of any stocks mentioned. Tim Beyers owns shares of Nokia, but no shares of any other stocks discussed here. The Fool has a disclosure policy.