Palm is up for sales

An article by bapagoh    1 Comment

Although this may not be a big surprise to many of you, it is still a surprise because Palm CEO Jon Rubinstein has been advocating that Palm has plans to return to profitability.

According to Bloomberg, Palm is working with Goldman Sachs and Qatalyst Partners to find a proper suitor.  As early as this week, Palm will receive bids from the bidders.  And it is said that HTC and Lenovo are among the bidders.

However, all parties involved in the news had declined to comment.  If the news is true, Palm will end itself as an independent company and whoever bought he company will enjoy a long list of patents that Palm has acquired during the long history in the smart device market.