NASDAQ Wednesday's regular trading, Palm shares began to rise significantly from midday to closing up 77 cents to close at 4.62 U.S. dollars, or 20 percent, the highest since March 18 the highest closing price since, At that time Palm released its third quarter earnings, and the current quarter results disappointing expectations, mainly because of its latest smart phone sales were weak.
Palm stock rose the day to promote the main factors, there are media reports that Palm will launch Lenovo may offer, but the association has not made an official announcement. Lenovo CEO Yang told German media that the company is considering more acquisitions to expand its mobile Internet business, but never referred to Palm.
Some analysts believe, Palm may be saved only by some of the value of M & A deals, but in view of the company's current difficulties faced by mobile phone sales, many analysts doubt whether there are companies interested in buying Palm. However, those who want to enter the U.S. wireless market, company, Palm is attractive because it has a new mobile operator and the operator platform and the relationship between resources.
U.S. investment firm Kaufman Bros. analyst Shaw Wu said the association is one of the candidates could buy Palm, but HP, Dell and Cisco and other companies may also be interested in buying Palm. He said: "Lenovo may buy Palm, But I sure its balance sheet is sufficient to support the transaction. HP's acquisition Palm will undoubtedly be more credible number."
As the latest smart phones, and Pixi Pre sake of poor sales performance, Palm's market value has suffered heavy losses this year.
