{"id":527972,"date":"2010-04-14T21:03:50","date_gmt":"2010-04-15T01:03:50","guid":{"rendered":"http:\/\/gigaom.wordpress.com\/?p=113245"},"modified":"2010-04-14T21:03:50","modified_gmt":"2010-04-15T01:03:50","slug":"ny-hedge-fund-buys-almost-10-of-palm","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/527972","title":{"rendered":"NY Hedge Fund Buys Almost 10% of Palm"},"content":{"rendered":"<p>Palm might <a href=\"http:\/\/gigaom.com\/2010\/04\/13\/palm-time-to-die\/\">be on a slippery slope to nowhere<\/a> with its future might look bleak, but one New York based investor, <a href=\"http:\/\/gigaom.com\/tag\/harbinger-capital-partners\/\">Harbinger Capital Partners<\/a>, is betting on a good outcome. They have invested an undisclosed amount of money buying up<a href=\"http:\/\/www.sec.gov\/Archives\/edgar\/data\/1100389\/000090514810000937\/efc10-302_sc13g.htm\"> 16 million shares<\/a> or\u00a0roughly 9.48 percent of the company.<\/p>\n<p>Harbinger which is headed by investor Phil Falcone, also owns stakes in The New York Times and some satellite companies which plan to develop <a href=\"http:\/\/gigaom.com\/2010\/03\/27\/harbinger-lte-network\/\">a wholesale broadband network<\/a> in the United States. Given that these guys bet on crazy assets for a living, I am sure they have a good reason <em>for making this trade<\/em>. I&#8217;m in minority for feeling that whoever buys Palm is going to end-up like Palm sooner or later.<\/p>\n<p><img decoding=\"async\" alt=\"\" border=\"0\" src=\"http:\/\/stats.wordpress.com\/b.gif?host=gigaom.com&#038;blog=1149864&#038;post=113245&#038;subd=gigaom&#038;ref=&#038;feed=1\" \/><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?a=J5zpAALPzPM:4ZCbibvwLJQ:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?a=J5zpAALPzPM:4ZCbibvwLJQ:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?i=J5zpAALPzPM:4ZCbibvwLJQ:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?a=J5zpAALPzPM:4ZCbibvwLJQ:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?i=J5zpAALPzPM:4ZCbibvwLJQ:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?a=J5zpAALPzPM:4ZCbibvwLJQ:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?a=J5zpAALPzPM:4ZCbibvwLJQ:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OmMalik?i=J5zpAALPzPM:4ZCbibvwLJQ:D7DqB2pKExk\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/OmMalik\/~4\/J5zpAALPzPM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palm might be on a slippery slope to nowhere with its future might look bleak, but one New York based investor, Harbinger Capital Partners, is betting on a good outcome. They have invested an undisclosed amount of money buying up 16 million shares or\u00a0roughly 9.48 percent of the company. Harbinger which is headed by investor [&hellip;]<\/p>\n","protected":false},"author":674,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-527972","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/527972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/674"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=527972"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/527972\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=527972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=527972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=527972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}