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  • Has Apple Killed Palm? If So, Will Apple Buy Palm?

    A lot of Apple fans sound as though they are claiming some sort of victory in the wake of news that Palm's financial troubles are likely worse than any outsiders may truly realize. Today, Bloomberg News reported that Palm has officially put itself on the market. That's right, Palm is for sale and officials at the company are working feverishly with a partners to help sell the company and salvage what's left of the once-thriving company.

    Palm is said to be working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to possibly sell the company as early as this week. Having competed primarily (and lost) against Apple and Google, it's apparent that Palm CEO Jon Rubinstein - the developer of Palm’s latest operating system - will not realize his vision of the Pre and Pixi smartphones revitalizing his company and competing on par with other big boys in the mobile space.

    Despite initial and altogether unfounded rumors, Apple (at present) is not believed to be among the parties said to be interested in buying Palm, a company that had a market value of better than $870 million prior to the news today that the business itself is now on the market. According to data compiled by Bloomberg, however, Palm is in "good company." In the past year, there have been 133 acquisitions announced within the US computer industry.

    What will ultimate come of Palm? Who might acquire the company? Could HTC or Lenovo swoop in as the buyer as many suspect? These are all questions to which there are presently no clear answers. What is evident, however, is that the industry analysts who predicted a narrowing of major competitors in the smart-phone space could be gaining more momentum for their arguments than earlier anticipated.
    This article was originally published in forum thread: Has Apple Killed Palm? If So, Will Apple Buy Palm? started by Michael Essany View original post
    Comments 41 Comments
    1. wolverinemarky's Avatar
      wolverinemarky -
      just buy them and shut them down lol
    1. Effenpig!'s Avatar
      Effenpig! -
      ^umm, did you happen to attend the fail univerity of business?
    1. dalep's Avatar
      dalep -
      Quote Originally Posted by wgm214 View Post
      the pre has great software, i personally don't own one but had it been more successful and gotten a hardware revision i would definitely consider upgrading to it over the iphone 4g
      What a crappy comment! Here you are saying you would upgrade to a palm over the 4g iPhone and it's not even released yet ! Dufuss
    1. SquareWheel's Avatar
      SquareWheel -
      That's sad. =/ I hope the buyer let's them work independently, but just buy them for the technologies.
    1. romeo_herman's Avatar
      romeo_herman -
      Time to sell palm stock......
      +0.88 (17.55%) today as APR 12, 2010....hahahahahhaha
    1. awesomeSlayer's Avatar
      awesomeSlayer -
      Ouch! They really got owned!
    1. iphone8130hak's Avatar
      iphone8130hak -
      Hahaha that is great news I hate the palm pixi
    1. tudtran's Avatar
      tudtran -
      Apple is going after Palm's assets. If the price is right, then I think Apple should go after it.
    1. romeo_herman's Avatar
      romeo_herman -
      Quote Originally Posted by tudtran View Post
      Apple is going after Palm's assets. If the price is right, then I think Apple should go after it.
      So the name will change to iApalm........
    1. Cer0's Avatar
      Cer0 -
      Ummmm, when did Apple care about patents? They buy Palm they will get them; if another company that is not huge buys them they will use them anyway and end up buying the patents.

      Thought I would beat others to that punch line.
    1. JHoffy1's Avatar
      JHoffy1 -
      Their were lots of reasons for palms demise. One particularly important reason is that they released their phone and OS that was going to save the company and Sprint, only they took over 6 months to release their SDK, so there was no software available. Early adopters quickly got rid of the phone especially with the thousands of apps available for the iPhone and Android OS.

      Poor planning if you ask me.
    1. zoso10's Avatar
      zoso10 -
      And after Apple takes over Palm they'll eating up Motorola too. Then, who knows, maybe they'll invade Poland and France too.
    1. Bob_Doublelina's Avatar
      Bob_Doublelina -
      I know we live in a throw away, dog eat dog [place your cliché here] world but Palm indeed has a great past, it would be a shame to let it go to waste because of a small series of recent bad mistakes. Remember all the great (free) software there was on the palm, back in the day!

      A medium size revolution in Palm OS in updated hardware would do consumers a world of good, because a choice of google or apple cannot be all there is.

      1.5 cents worth, no refund either :-)
    1. Evilsaint's Avatar
      Evilsaint -
      Poor palm Evn though I have seen and used only one palm device in ma entire life XP
    1. rhekt's Avatar
      rhekt -
      didnt know palm was doing this badly. hmmm...yes apple should acquire and crush.
    1. confucious's Avatar
      confucious -
      the Pre was Palm's last ditch attempt to salvage it's finances - unfortunately they didn't have the muscle to get in on one of the big carriers in the USA - if they had then they would not be in this situation now.

      I hope Palm will be able to continue in some form and isn't just bought by one of the big companies for their patents. They have a lot of innovative people and it would be a shame to see them disappear.
    1. Cer0's Avatar
      Cer0 -
      I agree, I think webos was a last push to try and get noticed right before being sold. I kinda felt that was their plan all along; to be bought.
    1. confucious's Avatar
      confucious -
      No, the plan was for it to save them. It's a pity it didn't.
    1. Cer0's Avatar
      Cer0 -
      It is but I don't know right before WebOS was announced it felt like they were fishing on being bought out. Just to me it felt that way.
    1. confucious's Avatar
      confucious -
      They were looking for alternative ways out of their problems but really hoped WebOS would salvage the company.