Harbinger Discloses 9.48% Stake in Palm (PALM)

Harbinger Group (HRG) disclosed Wednesday in a 13G filing a 9.48% stake in Palm Inc. (PALM) based on 168,755,045 shares outstanding as of March 26, 2010.

Palm, creator of the Pre smartphone, is working with Goldman Sachs (GS) and Qatalyst Partners to find a buyer. The Sunnyvale, California-based company is the developer of the WebOS software that competes against mobile operating systems from Google Inc. (GOOG) and Apple Inc. (AAPL).

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