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Sep20
Palm Likely to Be Bought Out

The odds that Palm Inc. (PALM), a maker of smartphones, handhelds, software and accessory solutions,  will be acquired are increasing, according to an analyst at ThinkEquity. 

His reasoning included the idea that since Motorola Inc. (MOT) just made a deal to buy Symbol Technologies Inc. (SBL) the "likelihood that either Motorola or another major handset vendor will see value in Palm and move to acquire the company" just increased.

According to ThinkEquity's Jonathan Hoopes the Symbol deal doesn't address Motorola's desire to unseat Research In Motion Ltd. (RIMM).

Know More about the future of handhelds at BizToolBelt.com.


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