Palm Inc. Planning Buyback of PalmSource?

Aug 29 2005, 12:26am EST | by Luigi Lugmayr

The Stock of PalmSource (PSRC) rose from $7.50 to $9.60 last week. BargainPDA reports that the reason for this is a rumor about Palm Inc. buying back PalmSource.

Remember back in 2003 Palm bought HandSpring and then split into a hardware (PalmOne now Palm Inc.) and software company (PalmSource).
The Hardware company worked out alright, especially I guess because of the Treo smart phones. Palm as a OS did not proliferate is it was planned. PalmSource is now even working on Linux powered smart phones. And Palm Inc. planning Microsoft Windows for Mobile Smart phones.I could not find any other source confirming this rumor, so it might just be a rumor. On the other hand something is going on when a stock price rises by 20%.

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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.