“Huawei was approached through its investment bank sometime in mid-February for ‘preliminary discussions,’ the source told Reuters on Tuesday, speaking on condition of anonymity because the process has not been made public,” Lee reports. “The source said discussions had not since moved forward.”
Lee reports, “A source had earlier told Reuters that Palm had hired bankers to explore several options, including a sale of the company, whose smartphone sales have suffered badly against those of rivals such as Apple’s iPhone.”
Full article here.
MacDailyNews Take: What we wrote nearly 15 months ago: 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. – MacDailyNews Take, January 21, 2009, just after beleaguered Palm unveiled their Palm Pre and webOS.