Still No Deal For PalmStill No Deal For Palm
The much-ballyhooed deal to acquire smartphone maker Palm has <a href="http://www.unstrung.com/document.asp?doc_id=120173">yet to materialize</a>. Meanwhile, Palm's <a href="http://www.information.com/news/showArticle.jhtml?articleID=198500279&cid=RSSfeed_IWK_News">shares took a hit</a> while the market remains antsy for some M&A action.
The much-ballyhooed deal to acquire smartphone maker Palm has yet to materialize. Meanwhile, Palm's shares took a hit while the market remains antsy for some M&A action.Those close to Palm and the potential deal continue to claim that Palm will get an offer soon. A few insiders, though, claim that Palm may have had a hand in the rumors and buzz in an attempt to generate interest in a deal. I don't buy that, but I do think that Palm's financials may have slowed a deal that would have otherwise closed by now.
What do you think? Will Palm get a deal today? Or will these rumors drag on for the next few weeks or even months?
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