HTC will not be bidding on Palm; Lenovo still a possibility
After it was announced a few weeks ago that Palm was putting itself on the market, there were names of potential buyers being thrown out left and right.
With HTC now refusing to bid on the troubled company, that apparently leaves Lenovo as the last one standing.
According to Reuters, HTC decided against the bid after reviewing Palm's books. Obviously, they didn't like what they saw and thought it wasn't in their best interest. Most insiders now are pointing towards Lenovo picking up Palm because "they've got a lot more free cash and don't have the brand presence in the U.S. yet." Seems like it would make sense, and their name has been in the running since the beginning.
This news might come as quite a shock to some insiders though, as a lot of people were betting on an HTC bid. But there were plenty of other suggestions, including RIM and Intel. But with the list narrowed down now, it shouldn't be long until there's news on some sort of bid.
Who do you think has the most to gain from buying Palm? Or will it just turn out to be a money pit for the poor sucker that bids?