Palm Inc. Planning Buyback of PalmSource?

Topic: Other Stuff

Posted on Mon, 29 Aug 2005 00:26:45 CDT | by Luigi Lugmayr

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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%.