Feeds

Palm founders' latest enterprise to IPO

Don't hold your breath - Handspring IPO filing only a statement of intent

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Handspring, the Palm-based handheld vendor formed by Palm founders Jeff Hawkins and Donna Dubinsky, is to IPO like... well... Palm. According to documents filed with the US Securities and Exchange Commission filed on Friday, stock worth $300 million will be sold to the public. It should be noted that Friday's filing is really little more than a statement of intent, and the stock valuation simply a basis for the SEC's fee calculations, so quite how many share will be issued, when and at what price will not be known for some time. Still, such a move was always on the cards. Quite apart from Palm's move to go public, courtesy of former parent company 3Com, doing an IPO is really the only way a company's founder can become rich these days. We suspect, Dubinsky and Hawkins didn't do too badly out of Palm's sale first to US Robotics and then, via the modem company, to 3Com, and floating Handspring should add to their coffers. Lest that seem too meanspirited, it's worth remembering that the Handspring duo pretty much created the modern PDA market, pace Apple, and there's no reason why they shouldn't make a bob or two out of it. How much they will actually make remains to be seen. IPO watcher Jeff Hirschkorn, cited by CNET, reckons Handspring will have to get its e-commerce systems under control if investors are to become keen on the company. Possibly, but that may not matter too much now that Handspring's products are spreading out into the retail sector. And the order-taking glitches and shipping problems Handspring experienced towards the end of 1999 now seem to be behind it. Handspring is perhaps less likely to make as much of an impact as Palm did, simply because it's less well known. Again, the growing retail presence will help here, as will the formation of overseas subsidiaries - Handspring is in the process of setting up a European HQ right now. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.