{"id":528092,"date":"2010-04-14T20:51:37","date_gmt":"2010-04-15T00:51:37","guid":{"rendered":"tag:contentnext.com,2010-04-15:article\/419-hedge-fund-manager-falcone-buys-stake-in-palm"},"modified":"2010-04-14T20:51:37","modified_gmt":"2010-04-15T00:51:37","slug":"hedge-fund-manager-falcone-buys-stake-in-palm","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/528092","title":{"rendered":"Hedge Fund Manager Falcone Buys Stake In Palm"},"content":{"rendered":"

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Hedge fund manager Philip Falcone has reported that it owns a 9.48 percent stake in Sunnyvale, Calif.-based Palm, which has reportedly put itself up for sale after its new smartphones failed to take off over the past few months.<\/p>\n

A regulatory document filed today at the SEC reveals that Falcone’s Harbinger Capital owns 16 million shares in Palm (NSDQ: PALM<\/a>). The stock, which has been wildly up and down over the past few months, closed today at $5.32, up 3.1 percent. The filing said Harbinger owned these shares as of Monday, which is the day after the report appeared<\/a> that Palm had hired investment bankers to seek potential suitors.\n<\/p>\n

Falcone ranks among the most successful hedge fund managers, who in recent years has been selling off his 20 percent stake in The New York Times (NYSE: NYT<\/a>), and became famous for betting against subprime mortgages in 2007, Reuters reports<\/a>.\n<\/p>\n

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Hedge fund manager Philip Falcone has reported that it owns a 9.48 percent stake in Sunnyvale, Calif.-based Palm, which has reportedly put itself up for sale after its new smartphones failed to take off over the past few months. A regulatory document filed today at the SEC reveals that Falcone’s Harbinger Capital owns 16 million […]<\/p>\n","protected":false},"author":2853,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-528092","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/528092","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\/2853"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=528092"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/528092\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=528092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=528092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=528092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}