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 Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
Register for InformationWeek Newsletters
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
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