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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