Bloomberg: Palm is up for sale

[Schlup]

Bloomberg: Palm is up for sale

Uh, whoa. Bloomberg just reported that Palm is putting itself up for sale and that offers will potentially come in this week. That's pretty wild news, considering CEO Jon Rubinstein was adamant just a few days ago that Palm had a plan to get profitable -- even while his company's stock price went on a buyout-rumor fueled rollercoaster. Bloomberg says that Palm's already retained Goldman Sachs and Qatalyst Partners to find a buyer, with HTC (yes!) and Lenovo both expressing interest -- and Dell's apparently already taken a pass. Naturally none of these parties are saying anything on the record -- we just pinged Palm and they declined comment -- but if this is true, things are about to get wild, and fast. We'll keep you updated, stay tuned.

Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=arvXvuu.DqW4

[tehfunk101]

i cant decide who would be the best to acquire palm.  HTC needs them for their patents in the suit from apple, but other than that, HTC wouldn't make good use of WebOS because they already have Android and SenseUI.  I think RIM should make an offer.  Blackberrys are notorious for boring and buggy interfaces, something Palms engineers could probably improve.

[Sir-diealot]

You can tell I am old, I have never even heard of Palm

[tehfunk101]

hehe that doesnt really a

You can tell I am old, I have never even heard of Palm

hehe that doesnt really make sense though, because Palm has been around a LONG time, remember the old Palm Pilot PDA's of the late 90's?  After the PDA fad flopped Palm has been doing cell phones, but they never really caught on

[Schlup]

I wouldn't say they never caught on...after all Palm did make the first smartphone!

[Sir-diealot]

hehe that doesnt really ahehe that doesnt really make sense though, because Palm has been around a LONG time, remember the old Palm Pilot PDA's of the late 90's?  After the PDA fad flopped Palm has been doing cell phones, but they never really caught on

Oh OK I wondered if that may be it.

[tehfunk101]

I wouldn't say they never caught on...after all Palm did make the first smartphone!

They currently have the smallest market share though.  They make good products and software, but their advertising isnt the best.

[Schlup]

Yeah, the advertising really failed!