HTC Interest in Palm Off the Table
Lenovo likely buyer of the ailing smartphone maker
A Reuters report today confirmed that HTC withdrew its interest in Palm after having a closer look at the struggling company's books, making Lenovo the likely bidder.
The report explained that buying Palm would give Lenovo the North American presence in the mobile market that it needs.
This all comes at a time when Palm CEO Jon Rubinstein insists that the company can manage on their own, saying that Palm is hard at work churning out new phones.
“I believe Palm can survive as an independent company,” Rubinstein told the Financial Times. “We have a plan that gets us to profitability.”
Whether that plan means creating new devices, licensing their webOS or implementing a third, unannounced plan of attack is uncertain. Reuters estimated Lenovo would have to offer the ailing company at least US$ 1.3 billion given the current 30 percent premiums paid on tech companies.
Palm's stock has declined significantly from a September high of US$ 18.09, closing at US$ 4.86 yesterday.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Wayland 1.24 Released with Fixes and New Features
Wayland continues to move forward, while X11 slowly vanishes into the shadows, and the latest release includes plenty of improvements.
-
Bugs Found in sudo
Two critical flaws allow users to gain access to root privileges.
-
Fedora Continues 32-Bit Support
In a move that should come as a relief to some portions of the Linux community, Fedora will continue supporting 32-bit architecture.
-
Linux Kernel 6.17 Drops bcachefs
After a clash over some late fixes and disagreements between bcachefs's lead developer and Linus Torvalds, bachefs is out.
-
ONLYOFFICE v9 Embraces AI
Like nearly all office suites on the market (except LibreOffice), ONLYOFFICE has decided to go the AI route.
-
Two Local Privilege Escalation Flaws Discovered in Linux
Qualys researchers have discovered two local privilege escalation vulnerabilities that allow hackers to gain root privileges on major Linux distributions.
-
New TUXEDO InfinityBook Pro Powered by AMD Ryzen AI 300
The TUXEDO InfinityBook Pro 14 Gen10 offers serious power that is ready for your business, development, or entertainment needs.
-
LibreOffice Tested as Possible Office 365 Alternative
Another major organization has decided to test the possibility of migrating from Microsoft's Office 365 to LibreOffice.
-
Linux Mint 20 Reaches EOL
With Linux Mint 20 at its end of life, the time has arrived to upgrade to Linux Mint 22.
-
TuxCare Announces Support for AlmaLinux 9.2
Thanks to TuxCare, AlmaLinux 9.2 (and soon version 9.6) now enjoys years of ongoing patching and compliance.