PalmSource still has money to spend

Colin Dunstan · 02-02-2005, 10:35 AM

PalmSource decided to grant Ira Cook, the company's Vice President of Finance, an increase in compensation. From the latest SEC filling:

During the time that Mr. Cook serves in the capacity of PalmSource' principal financial officer, his annual base compensation will be $250,000 and he will be eligible for a discretionary quarterly bonus under the Company's bonus plan at the rate of up to 50% of his base quarterly compensation. In addition, Mr. Cook also received a stock option grant to purchase 40,000 shares of the Company's common stock which will vest quarterly, at the rate of 25% at the end of each fiscal quarter during which Mr. Cook continues to serve in the capacity of PalmSource' principal financial officer.

Maybe I should apply for a new job

Reggie · 02-02-2005, 01:35 PM

Jeff Kirvin takes a crack on this issue -- actually this acticle

http://www.1src.com/scripts/show/807...cast_Nine.html

Alexander Turcic · 02-03-2005, 04:42 AM

Cool podcast, and a great speech by Jeff!

He absolutely has the right to criticize the title of this thread "PalmSource still has money to spend"; it is a controversy topic whether or not PalmSource is currently well-positioned in the market for providing mobile solutions.

Considering the downtrend of PalmSource stock since September 2004, plus the various recent downgrades by financial analysts, I don't believe the investment community takes a raise in compensation, at least in the current situation, as easy as Jeff does.

02-02-2005, 10:35 AM	#1
Colin Dunstan Is papyrophobic! Posts: 1,926 Karma: 1009999 Join Date: Aug 2003 Location: USA Device: Dell Axim	PalmSource still has money to spend PalmSource decided to grant Ira Cook, the company's Vice President of Finance, an increase in compensation. From the latest SEC filling: During the time that Mr. Cook serves in the capacity of PalmSource' principal financial officer, his annual base compensation will be $250,000 and he will be eligible for a discretionary quarterly bonus under the Company's bonus plan at the rate of up to 50% of his base quarterly compensation. In addition, Mr. Cook also received a stock option grant to purchase 40,000 shares of the Company's common stock which will vest quarterly, at the rate of 25% at the end of each fiscal quarter during which Mr. Cook continues to serve in the capacity of PalmSource' principal financial officer. Maybe I should apply for a new job

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02-02-2005, 01:35 PM	#2
Reggie Junior Member Posts: 7 Karma: 24 Join Date: Dec 2004 Location: 1src.com	Jeff Kirvin takes a crack on this issue -- actually this acticle http://www.1src.com/scripts/show/807...cast_Nine.html

02-03-2005, 04:42 AM	#3
Alexander Turcic Fully Converged Posts: 18,175 Karma: 14021202 Join Date: Oct 2002 Location: Switzerland Device: Too many to count here.	Cool podcast, and a great speech by Jeff! He absolutely has the right to criticize the title of this thread "PalmSource still has money to spend"; it is a controversy topic whether or not PalmSource is currently well-positioned in the market for providing mobile solutions. Considering the downtrend of PalmSource stock since September 2004, plus the various recent downgrades by financial analysts, I don't believe the investment community takes a raise in compensation, at least in the current situation, as easy as Jeff does.

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