Will Citigroup's Fallout Crush Bono's Pride In Palm Inc?

Source: MarketingShift
URL: http://www.marketingshift.com/2009/1/will-citigroup-fallout-crush-bonos.cfm

Palm Inc. (nasdaq: PALM) realized that sometimes you can't make it on your own. That's why it signed U2 lead-singer Paul Hewson, AKA Bono as an investment partner. According to the Daily Express , Bono, a rockstar known for his efforts to save the third w orld, invested 67.1 million pounds to rescue the smart telephone maker and he earned $56.4 million after the stock shot sky high last Friday. Palm Inc. received another boost on Monday, when Citigroup upgraded its rating of Palm Inc. from sell, to hold, a...