Rattle and Palm: HP Saves the Day, but How Did Bono Fare?

Palm's safely in HP's hands now, but for several years it's been financially boosted by U2 frontman Bono's company Elevation Partners. With their involvement wrapped up, the rocker's financial experiment fared okay, but just okay [Ed.note: much like the quality of the last few U2 albums]. [Kit note: Blasphemy!]. Bottom line: Bono's other band seems to have taken home a meager profit. We'll explain.

First some background. Elevation Partners were Palm's most influential investors in recent...