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Palm Exploring Strategic Options

Mar 5, 2007, 8:33 AM by (staff)

Palm, maker of the Treo line of smartphones, is reportedly wooing potential takeover suitors. Motorola, Nokia, or a private equity firm are the frontrunners in a potential sale. The one-time innovator has flagged in recent years, losing market share to smartphones from Nokia, Motorola and others in an increasingly fierce segment. High handset prices and only minor upgrades to its aging lineup have caused its share price to drop and fuel speculation of a takeover. Nokia, with its low market penetration in the US, could stand to gain more than other OEMs from acquiring Palm, but analysts believe companies such as Dell or HP could benefit most. Dell's recent hiring of Motorola's former mobile devices president Ron Garriques to run its new consumer electronics division has also led to the belief that Dell is preparing to enter the smartphone market. Palm declined to comment on the issue.

Reuters »

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Comments

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This forum is closed.

phonenvy

Mar 6, 2007, 7:24 PM

Undecided

I don't know how I feel about this yet. Palm makes such a good device I am sad to hear that other pda devices are beating them out.

Argonnj

Mar 5, 2007, 5:06 PM

Nokia + Palm = goodby CDMA

And yet another smartphone will not be offered in CDMA, leaving Sprint and Verizon users with the crappy Moto Q and last years Blackberries. Great.

Wireless Buddy

Mar 5, 2007, 4:38 PM

great...

just what we need, a Dell phone.

can anyone say "crapshoot"?

well i guess I'll be hanging onto my Treo 650 longer than I thought.

Omagus

Mar 5, 2007, 12:04 PM

Wow

Am I the only one who thinks that this is a pretty big deal? I mean, just a few years ago Palm OWNED the smartphone market in the US.

I can see Nokia and Dell emerging as the front-runners. I wonder what Nokia would do though. I mean S60 is huge outside of the US. Would they try to integrate the two platforms? Use Palm in the US while maintaining S60 everywhere else? Just use the Palm name while essentially replacing the platform with S60?

Dell, on the other hand, probably wants to follow Apple's lead. Microsoft has already acknowledged that mobile devices are a much more lucrative market than PCs. With Dell losing market share to HP last year, they'd be very interested in seeing where this could take them.

cremz

It really shows how volitile the smartphone/PDA market is right now, and how the right venture and push could make a huge profit. I wouldn't be suprised to see Dell step in and pick this up to expand their divisions and give them a share in another pr...
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