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 PC World newsletter!

Error: Please check your email address.

Tags PalmhtcacquisitionLenovo

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

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

Matt Hamblen

Computerworld (US)
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?