Thursday, May 6, 2004
Crazy Rumour Department: Dell Looking to Buy palmOne?
Posted by Jason Dunn in "THE COMPETITION" @ 11:00 AM
"Rumors floating around wall street that Dell is interested in a takeover of palmOne sent stock shares of palmOne higher in trading yesterday.
The uncorroborated rumor was posted in a note on the stock site Briefing.com. It stated, Dell (DELL $35.78 +1.3%) rose after Banc of America raised its rating to Buy from Neutral. DELL has started offering companies a zero interest lease for PCs. There were rumors floating around of a possible Dell takeover of PalmOne (PLMO $18.21 +12.5%), which is certainly feasible and a deal would create synergies for both companies.
Shares of palmOne were up 12% in trading Wednesday based on the news."
Nah. :roll: I just can't see this happening in any way - it's not Dell's style. What do you think?
The uncorroborated rumor was posted in a note on the stock site Briefing.com. It stated, Dell (DELL $35.78 +1.3%) rose after Banc of America raised its rating to Buy from Neutral. DELL has started offering companies a zero interest lease for PCs. There were rumors floating around of a possible Dell takeover of PalmOne (PLMO $18.21 +12.5%), which is certainly feasible and a deal would create synergies for both companies.
Shares of palmOne were up 12% in trading Wednesday based on the news."
Nah. :roll: I just can't see this happening in any way - it's not Dell's style. What do you think?
