Thursday, August 31, 2006
Position Updates: PALM
Something to keep in mind, while watching PALM imitate paint drying on a wall:
Investor Mark Nelson wants PALM to sellout to RIMM, AAPL or HPQ. He owns, through 13-d filings, 12.8% of the company.
And, Geneva based hedge fund Sagio Investments, have repeatedly called for a sale of the company-- if they (PALM management) cannot get their act together.
Sagio owns 6.3% of PALM.
Together, Nelson and Sagio own nearly 20% of PALM. My guess, they will not sit back and watch their investment in PALM whither away.
Investor Mark Nelson wants PALM to sellout to RIMM, AAPL or HPQ. He owns, through 13-d filings, 12.8% of the company.
And, Geneva based hedge fund Sagio Investments, have repeatedly called for a sale of the company-- if they (PALM management) cannot get their act together.
Sagio owns 6.3% of PALM.
Together, Nelson and Sagio own nearly 20% of PALM. My guess, they will not sit back and watch their investment in PALM whither away.
