Thu, 15 Apr 2010 | BUSINESS SALE
Smartphone manufacturer Palm has been put up for sale after its latest products, the Palm Pre and the Pixi, returned mediocre sales figures.
It is expected that the sale will attract the attention of technology companies of the likes of HP and Dell. Acquiring Palm could give them a fast route into the mobile sector, said Ovum analyst Tony Cripps.
It has been reported that Palm brought in bankers last week to assess the options for the business, to include a sale.
There was plenty of excitement surrounding the launch of the Palm Pre last year and was even considered to be a possible 'iPhone killer', however the disappointing sales did not reflect this initial hype.
Palm's webOS operating system has been praised for its usability and functionality, though Mr Cripps believes the strength of the Palm brand will prove to be its main selling point.
He said: "Palm's webOS has only been in the market for a short time and is somewhat unproven but there is a residue of fondness for Palm as a brand, especially in the US."
On the reports of a potential sale, Palm's shares increased by over 17%. Its stocks have fallen 69% over the past six months. It has been valued at £563m.
Opportunity to acquire an established mixed dental practice in Tyne and Wear, efficiently led by associates.
LEASEHOLD
Established for over 40 years with a turnover in excess of £500,000, the business enjoys limited competition locally. The sale includes the business assets and the lease of the premises will be assigned to the new owner.
Major landmark store, 100+ years established, occupying valuable trading position within this mid-Devon town, centrally positioned on Crediton high street, opposite Costa Coffee, close Tesco Express, with free restricted stay car parking immediately...
FREEHOLD
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.