Handspring's IPO A Success - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Handspring's IPO A Success

The days of routinely stratospheric IPOs might be over, but some tech companies can still be pleasantly surprised by day's end. Take palmtop maker Handspring Inc., for example. Shares of the IPO started at $20 Wednesday and soared almost 40 percent before ending at $25-15/16, a 35% increase since the opening bell.

Handspring's IPO was a success, says Jeff Hirschkorn a senior market analyst with IPO.com, because of the company's deep management, strong backers, and even stronger product, the Visor. "This is a 'flight to quality' issue," says Hirschkorn. "Investors are getting wiser, and gravitating these days only towards companies with solid market offerings and strong management."

The Visor is poised to take a serious chunk of marketshare from Palm Computing's cultishly popular Pilot, which owns 80% of the market. The Visor first shipped in September and has won raves from consumers and analysts alike, winning awards in design and functionality. Of course, Handspring now must deal with a re-energized Microsoft in the palmtop market, too.

Hirschkorn says Handspring's recent expansion overseas, which could benefit from the cash infusion of the IPO, might be the company's bid to dominate the non-U.S. market for handhelds before the others catch up.-

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
10 Ways to Prepare Your IT Organization for the Next Crisis
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/20/2020
IT Spending Forecast: Unfortunately, It's Going to Hurt
Jessica Davis, Senior Editor, Enterprise Apps,  5/15/2020
Helping Developers and Enterprises Answer the Skills Dilemma
Joao-Pierre S. Ruth, Senior Writer,  5/19/2020
Register for InformationWeek Newsletters
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll