E-Commerce Blog

Palm had its hands full over the weekend. The company’s Sunday launch of its new US$99 Pixi smartphone had to compete with fresh rumors begun Friday that the company was a possible target of a takeover by Finnish telecommunications giant Nokia. Those rumors sent Palm stock soaring by 8 percent on Friday, although Monday’s trading was back within normal ranges. The share price boost started with reports on various Web sites that Nokia was considering a buyout in order to jump-start its presence in the U.S. market and acquire Palm’s ready-for-smartphone operating system.

Credit:
Would Palm Buy Scuttle Nokia’s Symbian Strategy?

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This entry was posted on Monday, November 16th, 2009 at 8:14 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.