Palm to be sold tomorrow!?
By Dusan Belic on Wednesday, March 21st, 2007 at 9:08 AM PST In Palm, Rumors
Reuters writes that Palm (NSDQ: PALM) could be sold tomorrow, on March 22. The fact is that the company has been struggling for some time to keep up with the growing competition coming from other handset makers, and I guess this could Palm’s way out.
Among the possible buyers, Reuters cites private equity firms Texas Pacific Group and Silver Lake, as well as handset manufacturers Nokia (NYSE: NOK) and Motorola (NYSE: MOT).
Related to the subject, Om Malik prepared an interesting article arguing why Motorola should be the one to acquire Palm.
Wish I could buy Palm. I think they have so much potential but they’re crippled by their crappy OS.