Palm stock jumping again on buyout rumors. Magic 8 Ball says ...HTC | webOS Nation
 
 

Palm stock jumping again on buyout rumors. Magic 8 Ball says ...HTC

by Dieter Bohn Fri, 09 Apr 2010 10:32 am EDT

Palm's stock is up around 10%, over $5.00 per share as of this writing for the first time since their dark earnings call on March 18th. The reason today is the same as the reason earlier this week: buyout rumors.

Whereas before it was Lenovo rumored to buy Palm (with a tiny side of RIM), this time it's a story at udn.com (Chinese site Economic Daily News) speculating that it'll be HTC. Interactive Investor does the translating for us, noting that the udn report cites "market speculation" and stern "no comments" from HTC. If it wasn't making the stock jump, as Marketwatch notes, chances are you wouldn't even be reading about it on these fine pages.

We'll admit that Lenovo makes a bit more sense to us that HTC - HTC has made a very strong Android play and seems committed to both it and Windows Phone 7, webOS just doesn't seem to integrate well. This despite the fact that Palm and HTC have worked very closely together in the past, with HTC acting as a original device manufacturer for Palm and in some cases, may have even helped design a Treo - the Treo Pro.

Thanks to everybody who sent this in!

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