Amazon Stocks Pre resulting in Palm raising $360m

The Pre, being launched in three weeks time by 02 hasn’t stopped the beleaguered handset manufacturer from raising some $360 millions in public stock offering.

This has caused the company’s shares to drop by almost 5%, the 20 million shares that were offered at just $16.25 each has showed that investors still have faith and believe that Palm will do better.

Amazon has also just started selling the Pre through it’s mobile phone department, which is listed online at a price of $99.99 with a two year contract from Sprint which is a discount of around $400 when compared to the Pay As You Go version. For more information visit itproportal.com

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