Palm Acquisition Almost Complete: Will Apple Buy It?

Posted by dennis on March 20th, 2007 at 10:22pm Comments

According to inside sources, the seemingly imminent acquisition of Palm PDA devices manufacturer by one of its rivals is almost complete now.

According to several reports, Morgan Stanley is overseeing this acquisition deal. Among the main contenders for Palm’s acquisition are Nokia and Motorola, although, rumor has it, Apple could be also interested in acquiring Palm’s business which has been going downhill in the last few years, in order to strengthen its position in the mobile phones market.

While Palm was able to sell a fairly large number of Treo handsets, its Palm OS is becoming outdated, and Palm’s previously leading position in the PDA market was reduced to a mere shadow of itself by products coming from bigger and more well-funded rivals.

Thanks: Unstrung.

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2. Palm exec not worried about iPhone, calls it “primarily an entertainment device”
3. Apple To Acquire Palm?
4. Apple iPhone sales lead Windows Mobile, Symbian, Linux, Palm OS in North America
5. Samsung, Palm Execs Diss Apple iPhone

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