Wall Street seems to think that Palm’s “Pre” phone and webOS signal the rebirth of the company.
Okay, let’s play along and assume that Wall Street actually got something right for a change.
Palm has a current market value of $669 million – and that’s with PALM up 36% today on the day-after “Pre” hysteria.
Apple’s current market cap is $81.2 billion, they have $28+ billion in cash on-hand, and are a debt-free company.
In other words, Apple could buy Palm this afternoon with petty cash. In fact, maybe that’s what Palm and Elevation Partners – and Wall Street speculators – are really shooting for: a buyout by Apple or some other company.
Apple would buy Palm in order to absorb a would-be competitor and/or gain access to certain patents and technologies and/or to prevent another company (Microsoft, RIM, etc.) from making the acquisition.
So, should Apple buy Palm? Let us know below and also in our “MacDailyNews Poll,” located near the top left of all pages.