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.
This well-established independent deli and farm shop has been a local favourite for about 20 years, offering a wide range of groceries including specialist cheeses and fresh produce.
A profitable luxury branded merchandising company in the South West of England, known for its unique products and sustainability focus, is available for sale.
This is a unique opportunity to acquire a well-established garden centre and design business operating in the North-West.
Looking for more businesses? Try our off-market tool.
|
16
|
|
Oct
|
Listed Surrey country hotel acquired out of administration | COMMERCIAL PROPERTY
A country hotel in Surrey has been acquired out of administr...
|
15
|
|
Oct
|
Oakglen Wealth expands into financial planning market with acquisition | BUSINESS SALE
Wealth management firm Oakglen Wealth is set to expand into ...
|
15
|
|
Oct
|
Palatine enters legal services sector with Centrefield investment | BUSINESS NEWS
Mid-market private equity firm Palatine has entered the lega...
|
16
|
|
Oct
|
Listed Surrey country hotel acquired out of administration | COMMERCIAL PROPERTY
A country hotel in Surrey has been acquired out of administr...
|
15
|
|
Oct
|
Classic Cottages acquires Pembrokeshire's St Davids Escapes | BUSINESS SALE
Classic Cottages, the UK's largest independent holiday ...
|
15
|
|
Oct
|
Kindred Nurseries buys two East Midlands nurseries to reach 64 sites | BUSINESS SALE
Kindred Nurseries has acquired two nurseries in the East Mid...
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.