After the failure of its new line of Pre and Pixi smartphones, there’s only one escape for Palm (PALM)–a sale of the company.
Palm has hired Goldman and Frank Quattrone’s Qatalyst Group to sell the company, Bloomberg reports. HTC and Lenovo are said to be sniffing around. Early bids may come in this week.
On Friday, Palm’s stock jumped sharply on the HTC rumors.
On the surface, Palm appears nearly worthless, but here’s what a Palm buyer will get…
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See Also:
- Palm Stock Soars On HTC Takeover Rumors
- Palm Spikes On Takeover Rumors; Will Lenovo Make An Offer?
- Apple Has Already Sold More iPads Than Palm Pres Sold Last Quarter