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’ARM(ed) and dangerous
Chip designer ARM Holdings is under pressure on Thursday morning.
And that’s a little surprising given the overnight news from one of the world’s biggest PC makers.
During the launch event for its new tablet and smartphones (featuring Serena Williams on stage,
Worthless
The above chart shows the price action in Palm after Peter Misek of Canaccord Adams said shares in the market of the Pre smart phone maker were worthless:
Due to Palm’s lack of earnings visibility,
Nakheel says it will pay/ Abu Dhabi rides to rescue
From Nasdaq Dubai on Monday morning:
14 Dec 2009 – 09:05:07 Nakheel Development Limited – Announcement Nakheel confirms that it will honour all obligations related to the 2009 Nakheel Development Limited Sukuk using funds that will be provided by the Dubai Financial Support Fund.
Palm reading
Something put a rocket under the share price of the smartphone maker on Monday night.
Trading volumes were also heavy.
There was also unusual activity in Palm’s call options.
From Schaeffer’s Options Centre (see the last entry).
Apple’s recession pricing
The recessions comes to Cupertino – Apple broke with its upper-echelon pricing at its annual World Wide Developers’ Conference on Monday, and announced significant price reductions across its flagship lines.
Palm sells stake to private equity firm
Elevation Partners, the private equity firm in which U2 rock star Bono is a partner, has made its largest investment, paying $325m for a 25 per cent stake in Palm, the US-based maker of the Treo family of smartphones.
Palm explores its options
Palm, maker of the Treo smart phone, is working with investment bankers to explore its strategic options, reports the WSJ. The company is working with Morgan Stanley to evaluate options ranging from a sale,