“Nokia Oyj could increase sales of Web-equipped phones with an acquisition of Palm Inc., according to Kaufman Bros. analyst Shaw Wu, who said the transaction would make ‘strategic sense,’” Nikolaj Gammeltoft reports for Bloomberg.
“Buying Palm, which introduced the Pre touch-screen phone last month, would provide Nokia, the world’s largest mobile- phone maker, with the new WebOS operating system,” Gammeltoft reports.
“Nokia’s market share in the so-called smart-phone market fell to 41 percent by the end of last quarter from 62 percent in 2005, hurt by competition from Apple Inc. and Research In Motion Ltd.,” Gammeltoft reports. “Nokia spokesman James Etheridge declined to comment. Palm representatives didn’t return a voice-mail message seeking comment.”
Full article here.
MacDailyNews Take: Our take from January 21, 2009: “Palm’s Pre dog and pony show is nothing more than takeover bait. They simply do not have the resources necessary to create another mobile platform, especially one that is superfluous. If Palm’s Pre is not a ruse, then those responsible are kidding themselves.”
[Thanks to MacDailyNews Reader "Edward W." for the heads up.]