Palm Closes Stores
The struggling smart phone pioneer Palm announced Friday that it will close its retail stores, and that it will begin offering cash rebates on broken phones, in a move towards settling a class action lawsuit. The 34 closing stores will include 8 branded with Palm’s name, and 26 inside Airport Wireless stores.
The company also said that it will maintain a retail outlet at its headquarters in Sunnyvale, Calif.
the San Francisco Chronicle reported that the rebates will apply to customers who purchased Treo 600 and 650 owners who had the phones repaired or replaced twice or more. Those affected will receive $50 to $75.