Palm (PALM) Moves Higher Following Comments From Elevation Partners
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Palm, Inc. (Nasdaq: PALM) runs to session high after Elevation Partners' Managing Director discusses yesterday news of an additional $100 million equity investment in the company.
Elevation Partners' Roger McNamee said it is a long-term investment for the group and hinted at a revolutionary new product launch from Palm in January at CES.
Famous U2 singer Bono is also an investor in Elevation Partners.
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