Skip to comments.Samsung, Nokia “Patently” Eyeing Palm?
Posted on 03/24/2010 4:22:32 PM PDT by Slyscribe
Samsung and Nokia (NOK) are likely suitors for struggling smart phone maker Palm (PALM), according to PatentVest, a research firm that keeps close tabs on patents and intellectual property.
Speculation that Palm may be acquired flourished after the company disappointed investors with its Mach 18 earnings report. Since then, the value of Palm stock has fallen 70% to about $4, giving it a market cap of about $672 million.
An early pioneer and onetime leader in smart phones, Palm based its revival on the launch of its innovative WebOS operating system, and the Palm Pre launched in June to much fanfare. For many reasons, Palm is now faltering against phones based on the Google-backed (GOOG) Android operating system, as well as Apples (AAPL) iPhone and Research in Motions (RIMM) BlackBerry line.
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The only solution is to sell Palm to General Motors and get the U.S. taxpayers to fund the research. It should be a great social media coup...getting “palmed” by the government.
No one would have believed, in the first years of the 21st century, that PDA affairs were being watched from the timeless lands of the Orient.
No one could have dreamed that they were being scrutinized, as someone with a microscope studies creatures that swarm and multiply in a drop of water.
Few companies even considered the possibility of horning in on Palm’s target demo. And yet, across the Pacific Ocean, minds immeasurably superior to Palm’s regarded their corner of the market with envious eyes.
And slowly, and surely, they drew their plans.
(cue dramatic music)
I didn’t know Palm was headquartered in Grover’s Mill, N.J.
Palm has nothing of real value anymore. An acquisition by Nokia is too late.
Apple and Microsoft will battle (again) for the soul of the mobile user. RIM (Blackberry) has an opportunity to stay in the game, but it is fading fast.