Lenovo Rumored To Buy Palm, Palm Stock Jumps 20%

Posted: Apr 7 2010, 2:35pm CDT | by , Updated: Aug 10 2010, 8:10am CDT, in Rumors | Rumors

 

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Palm stock jumped about 20% on rumors that Lenovo might buy Palm.
The rumors are not very solid and analysts have doubts that Lenovo would really be interested.

Palm stock has crumbled the last couple of months as the company did not meet its ambitious goals with the new webOS devices.
It is unclear how Palm can turn things around right now. Does the company have the sustainability to release another generation of new Palm phones or is getting bought the only way out?
Via Fox Business and Yahoo!.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.

 

 

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