Palm Rumor du Jour: Motorola, Nokia Also Possible Buyers

Comments
Print

Ever since Reuters reported that Palm Inc. (PALM) is trying to sell to a stronger company, the names of possible buyers have been flinging around.

The first two companies to come up were those of HTC, a cell phone maker, and Lenovo, a computer manufacturer. But now, investment bank Morgan Stanley says Motorola Inc. (MOT) or Nokia (NOK) about a takeover but that nothing has happened since those February talks.

For now, it’s another day, another Palm rumor. At least Palm’s stock activity seems to have stabilized somewhat. After starting the week with a 17 percent rise, then a 14 percent drop, the company’s shares spent much of Wednesday up by about 7 percent.

Comments
comments powered by Disqus