Earlier in the month, it was being widely reported
that Palm was being
shopped around. Yes, the Palm
that makes the rather successful Pre and Pixi phones, was or is up
for sale. At that time, two of main potential suitors were HTC and
Lenovo. HTC obviously felt like the best fit. Lately, HTC has
shown that it has a penchant for creating fantastic hardware, but it
has to rely on Google and Microsoft for software. It seemed as if buying
Palm would give HTC the power they needed to move ahead as a standalone
unit, pairing HTC
hardware with the WebOS mobile operating system.
But apparently, that's not to be, and if you've got a few billion
laying around, you might as well jump in and get to bidding. Based on a
new report out of Asia this morning, HTC has declined to place an
official bid on Palm, leaving Lenovo as the only other potential buyer
from the far east. Of course, there may be other companies looking to
buy Palm that are keeping their profile low, but with such a big
spotlight on this issue, we sort of doubt the ability to keep this
completely out of the public eye for very long.
A source familiar with the matter stated that HTC backed away after realizing that there simply weren't enough "synergies
to take the deal
forward," but some analysts are suggesting that Palm's weakened
financials may have actually scared HTC away. Some say that Palm could
fetch as much as $1.3 billion, and it's safe to say that Lenovo has
that kind of cash laying around. That said, would Lenovo spend such a large sum to
break into a market that they haven't taken very seriously in the past?
No one saw Dell taking on the smartphone sector just five years ago,
and now they're playing with the big boys. Anything could happen, we
suppose, but it looks like the Palm buyer pool is getting a bit shallow at this point.