Nokia Rumored To Buy Palm Triggers Stock Surge

Nov 14 2009, 3:00am CST | by Luigi Lugmayr

A rumor that Nokia would be buying Palm triggered an 8% rise in Palm's stock yesterday. This is not a new rumor, but it is still not getting more believable.
It would only make sense for Nokia to buy Palm if they completely change their smartphone strategy and set everything on webOS. This is a risky gamble that could pay of big but also fail really big time. Nokia just made a reasonable move with the Nokia N900 Mameo Linux.
Nokia also anytime could from Mameo expand to also offer Android based phones. This are much cheaper alternatives than buying Palm and integrate the company into Nokia, which is sure a very hard task.
Via Reuters and Boomberg.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.