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Palm Action Heats Up

Dan Jones
2/28/2007
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The bidding for handheld computer pioneer Palm Inc. is heating up, with Nokia Corp. (NYSE: NOK) and possibly a private equity firm emerging as the leading candidates to acquire the company, Unstrung has learned.

Sources close to Palm and investment bankers familiar with the deal say the bidding process is proceeding for the smartphone maker and that the company could be sold in the $20-per-share range.

Unstrung reported earlier this month that Palm is once again an acquisition target. Sources said then that a private equity firm could be one of the major bidders. Motorola Inc. (NYSE: MOT) was also named as potential buyer, but it now appears to be fading from the picture. A well-placed source suggests that a Motorola buyout is definitely not going to happen. Morgan Stanley is said to be shopping the firm around. (See Palm's in Play .)

A private equity buyout would follow a growing trend in the wireless business of these groups spending large sums to buy up technology assets...

Read the whole story at Unstrung.

— Dan Jones, Site Editor, Unstrung

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hitekeng
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hitekeng,
User Rank: Light Beer
12/5/2012 | 3:13:36 PM
re: Palm Action Heats Up
...and one of the strategies to weaken PALM was MOTO's SYMBOL decision late last year to kill off PALM-OS based (and migrate to Windows) terminals, yet leaving the door open to still use it!!!
hitekeng
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hitekeng,
User Rank: Light Beer
12/5/2012 | 3:13:36 PM
re: Palm Action Heats Up
- MOTO acquired Symbol last year and Symbol terminals use PALM OS, currently owned by ACCESS and PALM (which paid ACCESS over $44M late last year to buy back software rights).

- MOTO pays PALM-OS licensing fees making its Symbol HHTs costlier (i.e. a la QUALCOM's CDMA license).

So weakening PALM and then take it over might still be on the table for MOTO....
Hello MOTO!!!
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