Palm Inc.'s stock price rises

Topeka Capital-Journal, The, Mar 3, 2000 by Capital-Journal

---The stock price of Palm Inc., the 3Com Corp. subsidiary that makes the popular Palm electronic organizers, rose 150 percent Thursday on its first day of trading.

Palm said Wednesday it raised $874 million selling selected investors shares at $38 apiece. On Thursday, shares opened at $145 on the Nasdaq Stock Market and closed at $95.06 1/4.

Palm's devices perform functions including scheduling, keeping phone numbers and recognizing handwriting.

UMB Bank raises 2,602 pounds of food --- UMB Bank, which has four locations in Topeka, raised 2,602 pounds of food and $316 in cash for Project Topeka.

UMB Bank presented its contribution to Project Topeka this week. The bank divided the 26 branch employees into teams to see who could collect the most weight.

The winning team received a half day off and movie passes. The winning team solicited help from UMB's local advisory board to put them over the top.

Two book club giants complete merger --- Doubleday Direct, owner of the Literary Guild and other book clubs, has finalized its partnership with the Book-of-the-Month Club, a deal that unites America's two biggest book clubs with more than 8 million customers.

The merger was forged amid pressure from discount bookselling chains like Barnes & Noble and online retailers such as Amazon.com. The deal, originally announced in December, was formally completed Wednesday.

--- From staff and wire reports

--- The Associated Press