Palm reportedly up for sale

HTC and Lenovo may bid, but there could be others

Palm Inc. is being put up for sale, with Goldman Sachs Group Inc. and Qatalyst Partners helping the Pre smartphone maker find a buyer, according to a report from Bloomberg.

The report says that HTC Corp. of Taiwan and Lenovo Group Ltd. of China have considered buying Palm and may make offers.

Palm has had a roller coaster year financially , even though most analysts think the Palm WebOS is high quality and could be successful for a potential buyer.

"WebOS is a good OS and it could make a strong competitor to Android-based devices..., especially in the home markets of the acquirer," said Jack Gold, an analyst at J. Gold Associates.

While Palm isn't offering anything that HTC doesn't have, Gold said, Lenovo would be able to supplement its existing China-based mobile phone devices with the WebOS. He said China-based ZTE or Huawei could also leverage the Palm brand and technology in China -- and internationally -- and have plenty of cash to do so.

In addition, Access and even Softbank might even decide to acquire the OS and license it, without making any hardware, Gold said. Other possible suitors include companies in India that Gold did not name or Sony Ericsson, which might be interested in selling the WebOS internationally. Until now, WebOS has not been marketed much outside of North America.

According to Bloomberg, the latest spate of rumors helped bolster Palm's stock price by 32% last week, even though prices have dropped more than 60% this year. A steep drop occurred in late February after the company said sales of its new smartphones, the Palm Pre and Palm Pixi, had failed to meet expectations.

Analysts generally feel Palm finds itself up for sale because of poor financial results stemming from strong competition from the iPhone and Android devices; a failure to market Palm devices outside North America; and weak marketing.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags htcacquisitionLenovoPalm

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Matt Hamblen

Computerworld (US)
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?