Don't bet on Lenovo saving Palm

Summary:Palm was courting suitors from all over just recently, but it appears the smartphone pioneer is running out of options as Lenovo remains the last possible takeover candidate left in line.

Lenovo has reportedly emerged as the leading candidate to buy Palm after HTC bowed out, but would the PC maker really pull the trigger? Logic dictates that Lenovo is an unlikely savior.

Reuters is reporting that Lenovo is in the running for Palm, which is up for sale as it tries to avoid a death spiral. Lenovo emerged as a likely buyer after HTC bowed out of the running. Reuters cited investment bankers who note that Lenovo “is looking into” buying Palm.

But here’s the problem. Anyone around the tech industry more than an hour or two realizes investment bankers will tell you anything. After all, these bankers are trying to sell Palm. Lenovo would allegedly pay US$1.3 billion or so for Palm.

Read more of "Don't bet on Lenovo saving Palm" at ZDNet.com.

Topics: IT Employment, Banking, Start-Ups

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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