Palm hires Morgan Stanley to explore sale

“Palm Inc. has reportedly hired an investment banker to help the wireless-device maker explore a potential sale,” Jeffry Bartash reports for MarketWatch.

Bartash reports, “The Wall Street Journal reported Monday that Palm is working with Morgan Stanley to evaluate its options, citing ‘people familiar with the matter.’ Possibilities could include a sale to Finnish mobile giant Nokia Corp. or a private-equity firm.”

“On Monday… Palm stock fell more than 6% in recent trades, partly because of a brokerage downgrade. J.P. Morgan cut its rating to underweight from neutral, saying Palm’s product line has grown stale while the competition is intensifying,” Bartash reports.

Bartash reports, “Nokia, Motorola and BlackBerry maker Research In Motion Ltd. have all unleashed sharp-looking new smartphones that have blunted Palm’s historic edge in device design. And soon, technology bellwether Apple Inc. will enter the smartphone market with the much heralded iPhone, which is based on snazzy touchscreen design.”

Full article here.

Related articles:
The once-mighty Palm Inc. doomed to decline and failure – thanks to Apple’s iPhone – February 23, 2007
Analysts: time is right for Palm sale – February 20, 2007
Palm CEO can’t stop talking about Apple iPhone – February 19, 2007
Palm CEO: ‘We don’t want to follow design fads’; Nokia CEO challenges Apple over iPhone – February 13, 2007
Apple’s soon-to-be iPhone rivals sound just like iPod rivals circa 2001 – February 01, 2007
The massive FUD campaign against Apple’s iPhone ramps up – January 10, 2007

How Steve Jobs played hardball in iPhone deal with AT&T (Cingular) – February 17, 2007
Telstra exec tells Apple to ‘stick to its knitting’ as iPhone looms – February 15, 2007
Digit takes a closer look at Apple’s iPhone – February 14, 2007
Microsoft caught off-guard, beaten badly by Apple’s iPhone innovations – February 13, 2007
RIM co-CEO doesn’t see threat from Apple’s iPhone – February 12, 2007
How Verizon blew the Apple iPhone deal – January 29, 2007
O2, Vodafone, Orange, T-Mobile battle for exclusive rights to Apple iPhone in UK – January 26, 2007
Rogers to offer Apple iPhone exclusively in Canada – January 25, 2007
FUD Alert: Apple iPhone ‘isn’t very practical’ and a ‘security risk’ for business – January 24, 2007
Research in Motion downgraded due to Apple iPhone competition – January 23, 2007
Ihnatko: Hands-on with Apple’s iPhone (which runs Mac OS X 10.5 Leopard) – January 18, 2007
Microsoft CEO Ballmer laughs at Apple iPhone – January 17, 2007
RealMoney: Apple just blew up the whole damn mobile-phone supply chain with its new iPhone – January 11, 2007
eWeek: Apple iPhone fallout: ‘They must be crying in Nokia-ville and other telephony towns today’ – January 10, 2007
Jefferies downgrades Motorola on fears of market share loss to Apple iPhone – January 10, 2007
The massive FUD campaign against Apple’s iPhone ramps up – January 10, 2007
Time: ‘iPhone could crush cell phone market pitilessly beneath the weight of its own superiority’ – January 09, 2007
Analyst: Apple iPhone should be given its own category – ‘brilliantphone’ – January 09, 2007
Apple debuts iPhone: touchscreen mobile phone + widescreen iPod + Internet communicator – January 09, 2007


  1. But for those of us with no options… being that Cigular is a disaster provider in Northern California… Palm Treo and Sprint is my only option. Way bummer.

    I would love the iPhone but…heck…what’s the point with Cingular when a bug flies in front of you … you drop a call.

  2. David,

    I’m in Northern California on Cingular and love it. No problems at all and a signal even in the most off-the-beaten-path places. I have noticed that certain phones SUCK with signal though… get a new phone.

  3. Palm sucks, however to give credit where credit is due, I have had a very pleasant experinece with one of their techs who was very helpful in troubleshooting a problem I had with a Tungsten C.

  4. Any HW company that adopts Windows SW ends up going nearly broke, battling 100 other companies using the exact same schlocky stuff…

    The problem with HW vendors is they do not see themselves as a total integrator. Well, PALM did, but then the temptation is to be lazy, and just “solve” problems by adopting a vein of product that would run Redmond on it.

    Yes, they sell to some degree – but so do 100 other HW vendors products with Redmond on them.

    Now PALM is competing soley on hardware and what people think looks cool or not, etc…

    Sony, PALM, Dell, HP, all in the same boat, rowing up stream because they refuse to devote millions in devloping superior software solutions.

    Just add up the dollars in license fees they have dolled out to Redmond, and it should be clear that they should all have done their own thing on the SW side of the coin, or collectively put together reference platforms to all work off of. But no, they are all to locked up in their own kingdoms.

    They all have their little power rings, but one ring rules them all… Bill’s ring.

  5. I said Apple would pummel RIM next but I forgot one important thing: The iPhone doesn’t do “push” mail. Therefore, the iPhone is doooooomed!

    And since the iPhone is based on Mac OS X, there is absolutely no technical way it will ever be able to do “push” mail. In fact, now that I think about it, Apple is doooooomed!

    ” width=”19″ height=”19″ alt=”raspberry” style=”border:0;” />

  6. AshNazg

    Where in Northern Calif?

    I paid to get out of my Cingular contract. No matter what phone they gave me it was terrible. I do know that when I was in both Chicago, NY and LA that Cingular was great. Perfect reception. Here in Sacramento, just terrible.

    My mother and friends are on Cingular and all…and My mean all have the same reception problems. Each of them are bursting to be set free from Cingular.

    Perhaps you are blessed with the perfect phone and near a tower.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.