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Palm CEO, Perhaps Bitter, Says His Company Doesn't Need A Buyer

Apr 23 2010, 11:00am CDT | by

Palm CEO, Perhaps Bitter, Says His Company Doesn't Need A Buyer
 
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After fallouts with a couple potential buyers, Palm CEO Jon Rubinstein is now saying that his company does not need to be acquired by anyone else, and that Palm can press on by itself.

Earlier this month, stories spread across the Internet that Palm was actively seeking buyers to take over its fledgling company.

Rubinstein said today in a Financial Times story that Palm would entertain takeover offers, but reiterated that he thinks the company is strong enough to operate on its own. He was quoted as saying that he is "bullish" on Palm's long-term outlook.

Palm, a once heralded leader in portable electronics, so much so that "palm pilot" became a genericized trademark, is now facing tumultuous financial distress. It tried to revive enthusiasm for the brand with its Palm Pre and Palm Pixi smartphones, but sales have been sluggish and the limited WebOS operating system is losing support.

Although fellow handset maker HTC has blatantly stated is has no interest in acquiring Palm, computer manufacturer Lenovo is now reportedly taking an interest. It could be a strategic move by Lenovo to expand to the US mobile market.

All in all, Palm is certainly making headlines these days, but not in a favorable light.

Via The Inquirer

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