Loading ...
Earlier today, HP (NYSE: HPQ) announced that it will purchase Palm, Inc. (NASDAQ: PALM) for $1.2 billion. Palm, a provider of smartphones powered by the Palm WebOS mobile operating system, closed at $4.63 today. However, the stock price has jumped up well over 25% in after hours trading, pushing the stock price to almost $6 a share. (more…)
Palm Inc. (PALM) has put itself up for sale. The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because the sale isn’t public. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may make offers, said the people. (more…)
Shares of Palm Inc. (PALM) fell sharply today when it revealed it was struggling in the smartphone market. Sharp increases in competition from Blackberry and iPhone sales have slowed the launch of their latest models. Because the Pre and Pixi failed to live up to expectations, Palm was forced to update their revenue forecasts. (more…)
Follow Us