a difference a few days makes. Just last week, Palm CEO Jon Rubinstein was talking
rather positively about Palm and its future despite that fact
that buzzards are circling overhead.
do have $590 million in the bank, and we have a plan that carries
this company forward," said Rubinstein in an interview with
last week. "We went through that same thing at Apple, by the
way. I mean, it was a similar situation many, many years ago where
you just didn't have the economies of scale. And once we crossed
over that Apple became a cash machine."
that Palm is looking for a buyer. There were rumors
last week that Lenovo was interested in buying Palm, and
is now confirming those reports. Goldman Sachs and Qatalyst Partners
are said to be lining up buyers for Palm. The top names on the list
according to people familiar with the matter include none other than
Lenovo and smartphone maker HTC. Dell reportedly passed on a bid
for the $871M company.
spokesmen for Palm, Lenovo, and HTC declined to comment on the
seems like a natural fit for HTC and Palm's patent portfolio could
give it some ammunition in the fight
against Apple. It also wouldn't hurt to have webOS and its
developers in HTC's back pocket considering that Windows Mobile 6.x
is a dead end, and Windows
Phone 7 is still about six months from launch and doesn't have a
large, stable app base to draw from yet. Then again, webOS' 2,200
apps isn't exactly impressive either, but at least it's a start.
has been losing money for the past
few quarters and is sitting on a stockpile
of unsold Pre and Pixi smartphones. Launching the Pre last year
with Sprint was pretty much a sales disaster and the launch this year
with Verizon has
been equally disappointing as most people have overlooked the Pre
and Pixi to go with more high profile phones like the Motorola
quote: Palm's Rubinstein Says He Helped Save "Dying" Apple, Will Help Save Palm