Home Page News Briefs People Media Telecom Archives About Us
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers

Palm could soon change hands

Briefs | 03/12/2007 4:00 am EDT

Smart phone maker Palm Inc. is reportedly consulting with investment bankers at Morgan Stanley and weighing its options, including the possibility of a sale. The Sunnyvale CA-based company, a long-time maker of PDAs and smartphones, has been facing tough competition in recent years from cell phone makers Nokia Inc. and Motorola Inc., as well as the Canadian-based BlackBerry maker Research in Motion Ltd. The company’s shares soared last week with the emergence of speculation that it could be acquired by another company. Analysts have suggested that a private sale could help Palm.

To keep reading, get a free trial.

Already a Subscriber?

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com