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.

Leave a Reply

%d bloggers like this: