Palm's IPO price signals confidence

 

latest developments

Palm seems confident about its forthcoming public offering, doubling the price analysts had anticipated, but industry watchers wonder whether rivals will soon catch up. "It's great that they're the first, but they're also going to be subject to the vagaries of the market forces because they're the bellwether." - Jill House, International Data Corp. analyst

Palm IPO price doubles on demand The handheld specialist, which 3Com will spin off in an initial public offering this week, more than doubles its projected selling price amid rising demand for the shares. Analysts eye Palm's new strategy as IPO looms The 3Com spin-off, set to go public this week in one of the most-anticipated recent offerings, could face a tough road ahead as well-heeled competitors close in. Palm to unveil wireless handhelds in Europe Palm will introduce a model with built-in wireless connectivity for Europe before the end of this year. Previous coverage Palm to unveil first color-screen device 3Com unveils its Palm IIIc device, which features a color display, although questions remain on how the handheld computing market will react to it.