UPDATED: News Analysis: Hewlett-Packard may be looking at enterprise uses first and foremost as it integrates Palm’s intellectual property into its product lines.
– Smartphone maker Palm, which wasn’t able to find a way to outflank Apple and
its phenomenally selling iPhone during the last nine years, has decided to make
a graceful exit by accepting a $1.2
billion buyout offer from Hewlett-Packard.
Palm sold only 408,000 phones last quarter; in contrast, …
The world’s second-largest IT systems provider announced in a teleconference April 28 that it has agreed to purchase the struggling smartphone maker for about $5.70 per share.
– Long-suffering smartphone maker Palm finally may have found a financial savior.
Hewlett-Packard, the world’s second-largest IT systems provider, announced in a teleconference April 28 that it has agreed to purchase
the struggling smartphone maker for $1.2 billion in cash on hand, or
about $…
Palm-oil producer Global Palm Resources Holdings, the oil palm planter based in West Kalimantan, Indonesia, announced that at the close of the public offer at 12 noon on 27 April 2010, there were 4,598 valid applications received for the 3 million offer shares.
Lenovo – with Huawei and ZTE reportedly out of the picture – may be the most likely to bid for ailing smartphone-maker Palm, according to a report. Palm, meanwhile, insists it can still be just fine on its own – thank you very much – but would consider licensing out its webOS platform. Palm is also working on new smartphones to complement the Pre and Pixi.
– HTC, Nokia, Motorola and Research in Motion have all been named as
companies that might benefit from purchasing smartphone-maker Palm,
which has struggled for some time to keep a foothold in the market it
initially helped create.
However, an April 23 Reuters reported finds that Lenovo appea…
Palm appears to have lost the support of retail partner RadioShack, according to a report, as well as a key webOS executive. In an SEC filing, Palm detailed a new incentive program for retaining employees which includes quarter-million-dollar cash bonuses.
– RadioShack stores are letting supplies of Palm Pre and Pixi smartphones run out, with no plans for replenishment, the Dow Jones Newswires reported April 19.
RadioShack has sold the devices through an agreement with Sprint Nextel
Palms carrier partner in June 2009, when it launched the Pre an…
Palm has a lot of excellent assets: a successful history and a great team of staff, management, board of directors, investors and partners. To many, Palm still represents the notion of ease-of-use that enabled the Palm Treo to succeed so well in the market. These assets need to be preserved before they slip away. Here, Knowledge Center mobile and wireless analyst J. Gerry Purdy shares his prediction of what he thinks is going to take place at Palm going forward.
– There is something that draws you in when you are driving down the road and see a sign that says, quot;Palm Reading. quot; You’d really like to have someone be able to lay out your future, especially all the good things that are likely to happen in your life. You know it’s a little bit of a farce (…
Palm shares were up nearly 5 percent April 16, following news that Philip Falcones Harbinger Capital owns a 9-plus-percent stake in the Pre and Pixi maker. Falcone was handsomely rewarded for properly predicting the burst of the housing bubble.
– Shares of Palm jumped as much as 20 percent between April 14 and 16 after
news broke that Harbinger Capital owned a 9.48 percent stake in the faltering
smartphone maker.
Harbinger is owned by the highly successful hedge-fund billionaire Philip
Falcone. In 2008, Falcone became a particularly …
The Palm Pre and Pixi are likable enough smartphones, but its their platform, webOS, thats Palms real carrot to dangle in getting buyers to bite. Nokia has been named as alternately a likely and not likely prospect, while Morgan Stanley believes Motorola, RIM and HTC are also good options.
– Palm, the struggling creator of the Pre and Pixi smartphones and their well-liked mobile platform, webOS, is looking for someone to purchase it,
Reuters reported April 11. Since then, the name of just about every
handset manufacturer and PC maker has been mentioned as a possible fit.
What analyst…
UOB KayHian has maintained “market weight” on regional palm sector with crude palm oil prices to remain flat as palm trees now are at the start of higher production cycle, saying this may mean potential build-up in palm inventories, according to Dow Jones.
News Analysis: Palm is in trouble. The company recently posted a poor earnings report and rumors are swirling that it plans to sell itself off to the highest bidder. If that happens, there are some things that the new owner will need to do to see a positive return on their investment. Here is what needs to be done quickly.
–
After attempting to thrive in the mobile market against the iPhone juggernaut,
reports now claim that Palm has enlisted the help of major investment banks to
help it find a company that’s willing to acquire it.
So far, Palm hasn’t
confirmed that it’s on the market,…
Palm is throwing up the white flag and looking for a buyer, according to one report, which cites interest from Nexus One smartphone maker HTC. Lenovo, LG, Dell, Microsoft, ZTE and Huawei have also been named as potentially interested buyers.
– Smartphone maker Palm is seeking bids to be purchased, Reuters
reported April 11, citing people familiar with the situation.
According to Taiwans
Economic Daily News, HTC, which makes
Googles Nexus One phone, among other popular models, is said to be open to
discussions about acquiring Pal…
The Palm Blog is doing just what Jon Rubinstein promised Palm would: getting the word out about the Pre Plus and Pixi Plus. Current deals rounded up by the site include a buy one, get one free offer from Verizon Wireless and contests, with Palm phones as prizes.
– The Palm Blog has rounded up a number of
deals on Palms newest smartphones, the Pre Plus and Pixi Plus.
Anyone whos had an eye on a new smartphone, or on the Palm phones in
particular, could hardly do better than the deal Verizon Wireless is offering
right now: the Pre Plus for $49.99 or the…
If Apple is indeed at work on a CDMA-based iPhone for Verizon Wireless, the move appears certain to benefit both partners. For Motorola, RIM, Palm, Samsung and LG, however, a new iPhone would mean a new challenge to raise the bar.
– Apple is said to be at work on two new iPhones its
annually updated version for AT amp;T, which is based on GSM technology, and a
CDMA-based model for Verizon Wireless according to a March 29 report from
the Wall Street Journal.
Rumors of a Verizon iPhone have been circulating for some time…
AT T will begin offering the Palm Pre Plus and Pixi Plus “in the coming months.” Like Verizon Wireless, AT T will sell the Pre Plus for $149.99, but like Sprint, which offers the original Pixi, AT T will sell the Pixi Plus for $49.99 after contract and rebate. At the same time, AT T also will soon be selling Dell’s Aero, the vendor’s first smartphone in the United States.
– The Palm Pre Plus and Palm Pixi Plus will arrive on the AT amp;T network in “the coming months,” Palm announced March 22. AT amp;T also said that it will soon be selling Dell’s Android-based Aero, the computer maker’s first smartphone available in the United States.
The move with Palm make…
Palm’s third-quarter results were worse than feared, possibly as a result of bad choices and the difficulty of launching a new platform. One fix could be to turn to Google’s Android mobile operating system, which consumers are embracing. However, some financial analysts are questioning Palm’s future viability.
– Palm’s poor third-quarter performance may be the result of bad choices,
paired with the difficulty of rallying support behind a new mobile platform.
While an aggressive ad campaign could help, it can’t be the only answer to Palm’s
woes, industry analysts say.
On March 18, the maker of the P…
Mobile device maker Palm warns that its revenue for the current quarter will fall far below analyst estimates and reports a net loss of $22 million, or 13 cents a share, for its third fiscal quarter. Palm executives say fourth-quarter revenue will be less than $150 million as a result of slow sales of the company’s smartphone models.
– NEW YORK (Reuters) Palm Inc. warned that revenue for the current quarter
would be far below Wall Street’s expectations, after tepid demand for its
smartphones left wireless carriers with piles of excess inventory.
The company’s shares fell 14 percent in after-hours trade on Thursday.
Palm’s stoc…
Singapore plantation stocks, which outperformed rest of market yesterday, are notably lower today as investors pocket gains amid uncertainty over outlook for crude palm oil prices.
“We continue to believe that CPO price is unlikely to stay above MYR3,000 per ton for long, as inflation worries may prompt the governments of China and India to release their stockpiles,” says CIMB.
Recent strength in shares of plantation companies offers good chance for investors to reduce exposure to palm oil sector as unpredictable weather patterns have complicated farming practices, predictability of CPO prices, says Bank of America-Merrill Lynch, according to Dow Jones Newswires.
“Weather outlook uncertainty increases the investment risk substantially.” Notes current bullish views over palm oil sector based partly on poor output due to El Nino, re-emergence of hot money.
Shares of Asia’s palm plantation companies have rallied over the last one year, riding a rebound in the prices of crude palm oil (CPO) due to lower seasonal production and dry weather conditions.
However, growth of at least 50% in the plantations index has lagged a rise of 55% in Malaysia’s benchmark index fuelled by bank stocks after the central bank raised interest rates last week.
