Los Angeles – Mobile handset maker Palm (NASD: PALM) has retained Goldman Sachs and
Qatalyst Partners in an attempt to solicit bids for the struggling company,
Bloomberg reported, citing three people familiar with the situation.
Prospective suitors reportedly include Taiwan’s
HTC and China’s
Lenovo, while Dell is said to have considered a deal, but decided against
proceeding.
Palm, whose current models include the Pre and Pixi, claimed sixth
place in U.S.
market smartphone share (4.3%) during the fourth quarter of 2009, according to
Gartner.
However, the company has posted eleven straight quarterly losses, and
its stock has been hammered this year due to flagging sales.
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(Bloomberg)
the palm is a great phone and it is wonderful that it works on fuzion mobile for only $50 a month for everything unlimitied! i was able to keep this smartphone and get great service!