Bloomberg: Unnamed sources say that Palm is working with Goldman Sachs Group Inc. and Frank Quattrones Qatalyst Partners to find a buyer for the company. Interested buyers may include Taiwans HTC Corp. and Chinas Lenovo Group Ltd.
Industry watchers say that the company may be attractive to a buyer, despite its declining sales. Palm still has quite a good brand in the U.S. market, and some strong technology, so you can do something with it, said Hong Kong-based analyst Frank He. The shares have gone down a lot and the company may become attractive to anyone looking for a turnaround play.