Will Palm get a takeover offer?

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Will Palm get a takeover offer?
Jonathon Goldberg, an analyst with Deutsche Bank, wrote to clients today that Palm could be the target of a takeover bid. While there is no definitive bid on the table, the analyst wrote that Palm would be a great target for another company that is looking to move into the mobile phone market. Palm also would be a good fit for a larger company that already has a mobile presence and wants to expand its footprint in the U.S. (Nokia and Dell are two names that come to mind here). If the company is purchased, the buyer will be getting a highly thought of operating system (webOS) that should increase in value as the years go on. Goldberg also speculated that the Palm App Catalog, with currently 1,300 offerings, could overtake RIM 's App World and the Android Market in terms of the number of apps available. The latter has almost 20,000 apps to choose from already, so that will require some heady growth by Palm. And the analyst believes that Palm will sell more than 600,000 units of the newly launched Palm Pre Plus and Palm Pixi Plus through Verizon this quarter.

As far as being a potential takeover target, Goldberg writes, "recent developments have made electronics vendors realize they needto control their own destiny in the smartphone space." Most othermobile device vendors are too large, or have too many other businessunits, to be considered for a deal. As the only standalone entity, we think there is areal potential for Palm to be acquired in the next two years." Other analysts have also written that Palm could be bought out, naming Hewlett Packard or Dell as possible suitors. The latter company already presented its own smartphone at last month's CES.

Palm Pre Plus Specifications | Review
Palm Pixi Plus Specifications | Review
Dell Mini 3 Preliminary Specifications

source: WSJ via everythingpre



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5 Comments

1. Flapjacks

Posts: 4; Member since: Apr 22, 2009

" Goldberg also speculated that the Palm App Catalog, with currently 1,300 offerings, could overtake RIM 's App World and the Android Market in terms of the number of apps available." Sorry but I really doubt thats gonna happen, Android isn't slowing down anytime soon, good luck.

4. Trevsx1000

Posts: 33; Member since: Dec 08, 2009

RIM's:yes Android's: No way in hell

2. rwolf1984

Posts: 536; Member since: Jun 06, 2009

i don't see the palm app store competing with android. dell doesn't need palm, at all...i saw a video of the mini 3 and it looked phenomenal. they've spent years working on getting in the mobile phone business. Nokia is a getting beat up by the iPhone...idk it might be a good buy for HP or an Asian or European Linux based PC manufacturer since WebOS is based on Linux....idk, unlikely overall

3. thatdude1 unregistered

Nokia is getting beat up by iphone? Did you not see one of phonearenas latest post saying nokia increased sales and gained market share? They are number one! The iphone is where? You should get your facts right before you make a public statement like that.

5. kilari

Posts: 49; Member since: Oct 28, 2009

Ya. Well. Some people only see the fanaticism of the apple fags here in the US and think the rest of the world is just like us. I personally couldn't give up my freedom to a company like apple who tells me what I want. One day the hippy kids will realize apple is more controling than microsoft and will turn on the tech worlds new Hitler, Jobs.... I find it very frustrating when people say "Android and Webos are just a wanna be iphones." Oh well, either way, I love my Pixi. I hope Palm has at least a few more phones up its sleeve before it goes under. I'm hoping for a HD2 styled Palm phone. I really don't know though, I really like the Pixis clicky keyboard. But eventually we'll probably all be assimilated into the iNazi party. HAIL JOBS!

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