Thursday, February 2, 2006
Palm, Inc. To Be Sold?
Posted by Ed Hansberry in "NEWS" @ 05:00 AM
http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2006-02-02T094343Z_01_N02354666_RTRIDST_0_BUSINESSPRO-PALM-DC.XML
"A top shareholder of Palm Inc., which makes hand-held electronic devices, has sent a letter to the company's board urging them to explore a sale of the company, the Wall Street Journal reported on Thursday."
Will Palm, Inc. be gobbled up?
Palm Inc. is really the only company left that is dedicated to making handhelds for consumers. Several years ago, you had Handspring, Handera, Palm and even URThere with its Pocket PC offering, the @Migo, but those have all either fallen by the wayside, been acquired or got out of the handheld manufacturing business entirely, except for Palm, Inc. Will it be absorbed into a larger company? It wouldn't be new territory for Palm. It was a part of US Robotics and then 3Com before its IPO in 2000.
"A top shareholder of Palm Inc., which makes hand-held electronic devices, has sent a letter to the company's board urging them to explore a sale of the company, the Wall Street Journal reported on Thursday."
Will Palm, Inc. be gobbled up?
Palm Inc. is really the only company left that is dedicated to making handhelds for consumers. Several years ago, you had Handspring, Handera, Palm and even URThere with its Pocket PC offering, the @Migo, but those have all either fallen by the wayside, been acquired or got out of the handheld manufacturing business entirely, except for Palm, Inc. Will it be absorbed into a larger company? It wouldn't be new territory for Palm. It was a part of US Robotics and then 3Com before its IPO in 2000.
