Bloomberg is reporting that Palm is up for sale:
The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because a sale hasn’t been announced. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may make offers, said the people.
This doesn’t come as a great shock to anybody who has been following Palm for the last little while. The new WebOS phones like the Pre and Pixi have been a sales disaster (much as I said they would be) and they haven’t really done anything to give any indication that they can be a big player in the smartphone market. Not to mention that their little spat with Apple over iTunes syncing was a major distraction. Hopefully a sale followed by a wholesale management change will help to right the ship. Assuming the buyer just doesn’t pillage the company for all of their IP.
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This entry was posted on April 12, 2010 at 8:57 am and is filed under Commentary with tags Palm. You can follow any responses to this entry through the RSS 2.0 feed.
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Is Palm Up For Sale?
Bloomberg is reporting that Palm is up for sale:
The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because a sale hasn’t been announced. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may make offers, said the people.
This doesn’t come as a great shock to anybody who has been following Palm for the last little while. The new WebOS phones like the Pre and Pixi have been a sales disaster (much as I said they would be) and they haven’t really done anything to give any indication that they can be a big player in the smartphone market. Not to mention that their little spat with Apple over iTunes syncing was a major distraction. Hopefully a sale followed by a wholesale management change will help to right the ship. Assuming the buyer just doesn’t pillage the company for all of their IP.
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This entry was posted on April 12, 2010 at 8:57 am and is filed under Commentary with tags Palm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.