Still a bit perplexing to me, as is the rumored Avaya deal.
Faced with mounting competition in the smart-phone market, Palm Inc. is selling a quarter of its company to a private equity firm to arm itself with new leadership, most notably the former technical guru behind the iPod.
The deal with Elevation Partners -- which agreed to invest $325 million for a 25 percent stake in Palm -- will bring new talent to the handheld computer pioneer as it battles stiffening competition that will only get tougher with Apple Inc.'s June 29 launch of the iPhone.
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