So far its been one astounding year for Palm who hit some bottoms and sprung back to life with the announcement of the Pre. More good news came out today after the closing bell rung on Wall Street with Palm’s stock increasing by 9 percent; up $1.15 for the day and ending at $13.64 per share. The positive reviews from a variety of gadget blogs and sites seem to point the Pre as a hit. It looks pretty unanimous that the Pre is something worth talking about. Not only is it garnering attention in the gadget world, but almost anywhere you tune in, it looks like the Pre is the in thing. We’d assume that no one could have foreseen Palm’s stock almost hit the $1 mark six months ago. With launch day right around the corner, Palm will most likely continue to see an increase in their stock.

via Palm Infocenter

Only the strong shall survive in this gloomy economy and it looks like Palm is going to do everything it can to stay afloat until the release of the Pre and the webOS system. Companies cannot continue their operating efforts without a solid flow of capital to sustain the business. In an attempt to gain more capital before it comes out, Palm is exercising its right to remarket shares held by private equity firm Elevation Partners. It looks like 18.5 million shares of its common stock, worth $105 million, will be remarketed to help pay off $49 million they owe Elevation Partners. Once that is taken care of, any net proceeds will go directly to strengthen Palm’s capital position for the inevitable launch of the Pre. It’s do or die now for the pioneering company, but we are sure that the new operating system and phones will bring them back to the top. 

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