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Palm Doubles Expected IPO Range

 

Palm, which makes the handheld Palm Pilot electronic organizer, has doubled the expected price of the shares it plans to sell in its initial public offering to between $30 and $32 a share, according to a filing with the Securities and Exchange Commission on Monday.

At that price range, Palm, a unit of 3Com(COMS Quote), could have a market value of as much as $18 billion when it goes public Wednesday.

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