Palm for Sale?

Bloomberg is reporting that Palm is on the verge of putting itself up for Sale...and that Dell has already passed on a deal.

Following quarterly results that saw Palm’s sales drop 29 percent and the company pushing phones into inventory channels far faster than they were being bought by consumers, Bloomberg is reporting that Palm is on the verge of offering itself up for sale. According to the report, Palm is working with Goldman Sachs Group and Qatalyst Partners to find a buyer.

The short list of potential buyers apparently includes Taiwan’s HTC Corp. and China’s Lenovo. But who is apparently not on the list? Computer maker Dell, who apparently mulled making an offer on Palm but passed.

Other industry speculation has pointed to Finland’s Nokia as a possible suitor for Palm.

Although HTC already makes well-regarded mobile devices, its interest in Palm makes sense in light of Apple’s recent surprise patent infringement suit against the company, which has HTC apparently serving as a proxy for Apple’s real target—Google’s Android operating system. Other than Apple’s iPhone and Android, Palm’s webOS represents one of the only mature modern smartphone platforms available—although to be sure many more want to move into the same leagues, including Intel and Nokia’s MeeGo and Samsung’s forthcoming Bada.

In the meantime, Palm has been focusing on opening new markets for its Palm Pre Plus and Pixi Plus smartphones; the company just announced a deal that will see the phones launching on AT&T “in the coming months.”

Showing 2 comments

  1. Amazon isn’t the only one, as Microsoft and Nokia also considered bidding for RIM at 2:38am 21st December 2011 [...] unlikely as all this buyout talk may sound, it’s ever-so slightly reminiscent of Palm’s situation last year, when the world and his dog was said to be bidding for the struggling company. HP [...]
  2. jamdosquard at 4:48am 24th September 2010 just wish to rock palm phone for the rest of my life cos i love it
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