Palm Company Is Said to Be Seeking a Buyer

[Persius]

SAN FRANCISCO ? Last year Palm, a pioneering maker of handheld devices that was lagging far behind its competitors in the phone market, bet its future on a slick new smartphone called the Pre.

Now, after the Pre and its companion, the Pixi, failed to make a splash, Palm is seeking a buyer, according to two people close to the company.

Palm has retained Goldman Sachs and Qatalyst Partners, a firm headed by the Silicon Valley investment banker Frank Quattrone, to help it explore its options, said one of those people, who agreed to speak on condition of anonymity because the company?s plans are supposed to be confidential.

Read the rest here: http://www.nytimes.com/2010/04/13/te...gy/13palm.html

[GatorB]

Palm is dead in the water. On its way to extinction.

[BIGTYMER]

I like the Palm OS but its all about the IPhone baby!!

[GrouchyAdmin]

...and only 10 years too late for it to be worth anything. Go the way of those before you and just fucking die already, Palm.

[tiger]

...and only 10 years too late for it to be worth anything. Go the way of those before you and just fucking die already, Palm.

[Nysus]

It wouldn't be hard to turn the company around, but likely not worth the effort to anyone capable of doing so.

[$5 submissions]

Palm is dead in the water. On its way to extinction.

No back end tech or patent inventory to cannibalize/salvage? I wonder what the book value of this company is.

[EscortBiz]

if they dont find a buyer quick the stock will go to 0

[$5 submissions]

I wonder what the salvage (not stock value) of the company is....