John Paczkowski

Recent Posts by John Paczkowski

For Sale: 20 Million Palm Shares at $16.25 Apiece

palmhailmaryjpg-150x150Palm this morning put a price on its public offering of 20 million common shares: $16.25 a piece. That’s nearly five percent less than Tuesday’s closing price of $17.07, but enough to generate about $313.1 million. At least $35 million of the total will come from current investor Elevation Partners, for whom shares have already been reserved.

Palm (PALM), which reported a narrower-than-expected loss last week, plans to use proceeds from the sale for working capital, general corporate purposes and perhaps to underwrite the additional development required to make webOS 1.2 re-enable synching with Apple (AAPL) iTunes.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald