Printed from http://www.electronista.com

Nokia takeover rumor surges Palm stock

updated 06:00 pm EST, Fri November 13, 2009

Old rumor of Nokia buying Palm resurfaces

Palm stock climbed over 8 percent on Friday after speculation that it would be bought out by Finland-based Nokia. Trading was about 15 times heavier than usual in the morning and remained heavy until the end of the day. The spike mirrored a similar increase from late September.

Neither company has commented on the rumor.

Critics have pointed out that such a deal is unlikely as Nokia is heavily invested both in its deal with Symbian as well as its own Maemo Linux operating system. It's also been suggested that the speculation may have begun to help fuel share prices and boost the stock before shareholders have to cash in.

However, Nokia is currently lagging in smartphone share and has relatively simple touchscreen designs that go without the multi-touch present on some of its competitors' products, including Palm's Pre or Apple's iPhone.



By Electronista Staff
toggle

Comments

  1. Feathers

    Grizzled Veteran

    Joined: Oct 1999

    +3

    Sounds like...

    The tried and tested formula of innovation through acquisition except that there's a problem: Palm has always been a people company, that is that it's key assets have always been some clever people who are won't to leave if they don't like the employment climate within the company. Just check out Palm's history, it's happened more than once in the past!

  1. bentay

    Banned

    Joined: Nov 2009

    -2

    Nice review

    This would be an interesting play for Nokia as it would put them right on par to Apple with web OS. The question is if they are ready to drop Symbian? This could be a move similar to Apple buying Next OS and look what happened!

    http://www.wellnessstarts.com/premium-white-pro-review-does-premium-white-really-work.html

  1. denyvctor

    Banned

    Joined: Nov 2009

    0

    I hope that...

    i hope they dont do tht the palm logo is kewl and i would hate to say good bye to palm they r one of my favorite phone companies and i want a palm pixi not a nokia pixi tht sounds ugly i hope this is a hoax nice article adriana.
    http://ezinearticles.com/?Premium-White-Pro-Review---Does-Free-Trial-Really-Work?&id=3205919

  1. sandyor

    Banned

    Joined: Nov 2009

    0

    Lean Muscle X

    honestly think palm is better i have the palm centro and i love it but they got the treo pro now which is better

    Lean Muscle X

  1. sandyor

    Banned

    Joined: Nov 2009

    -2

    Lean Muscle X

    honestly think palm is better i have the palm centro and i love it but they got the treo pro now which is better

    http://www.goarticles.com/cgi-bin/showa.cgi?C=2215914

  1. JulesLt

    Fresh-Faced Recruit

    Joined: Jul 2005

    +1

    Qt

    Nokia already have Qt/Trolltech, which strikes me as far closer to an iPhone like platform, than WebOS - Qt is a nice clean modern cross-platform app framework, comparable to Cocoa - but the key point is that it's about native code development.

    The big value Palm would have to a competitor is probably their US patent portfolio.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News