If there is one success story that combines the future trends of technology stocks and the hopes for mobile access to information, Palm's IPO is it.
The stock of the company that makes the Palm personal digital assistant soared as high as £103 per share in its first day of trading on the Nasdaq Stock Exchange yesterday but settled back into the 50s and opened at £60 per share today.
Parent company 3Com had settled on an offering price of £23 per share for the much-anticipated Palm initial public offering.
The popular Palm device had overshadowed the company's primary business, 3Com officials said at a user conference in October. They said separating the two would allow 3Com to better focus on its strength, which the company said is enterprise networking.