Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Wall Street applauds changing of the guard at Palm

About these ads

On Wednesday, Palm, makers of the new Palm Pre, announced it would replace CEO Ed Colligan with Jon Rubenstein, a former Apple executive who will be charged with revitalizing the California-based tech company. Today, the news sent Palm shares from 6.7 percent to $12.79 in recent trading, according to The Wall Street Journal.

"We think Palm investors should view this transition as a positive," wrote analysts at JPMorgan, the Journal reported. "We believe Mr. Rubinstein has been the guiding force behind the Palm Pre and the webOS."

Next

Page:   1   |   2


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.

Loading...