This post was updated at 1:06 p.m. PST with the stock's closing price and comments from an interview with Elevation Partners Roger McNamee.
Christmas came early for Palm.
The struggling handset maker announced Monday that investor Elevation Partners has agreed to infuse Palm with an additional $100 million, in a move designed to provide a boost to its new product launches in 2009.
Shares of Palm soared on the announcement, rising as high as 49 percent in intraday trading Monday to $3.71 a share. And by the time the regular session ended, Palm finished the day … Read more