Palm is putting itself up for sale and reportedly has recruited Goldman Sachs and long-time Silicon Valley investment banker Frank Quattrone to get the deal done. Palm has gone from darling to selling itself in just a few months. Here’s a look at the best (and worst) case scenarios for Palm’s future, developers and customers.
First, Bloomberg is putting some meat on rumors that Palm is going on the block. It’s notable how fast Palm put itself up for sale. You can tell Elevation Partners, Palm’s primary shareholder, is losing patience and doesn’t want to watch its investment crushed by a vicious cycle. In 2009, Palm made a big splash with the Palm Pre. The product came out of the gate relatively strong, but later faltered. Now the Palm is the best deal on the smartphone block as Verizon Wireless tries to rid itself of inventory. Palm has a snazzy mobile operating system dubbed the WebOS, but the company’s troubles could give developers pause. Without an ecosystem, the WebOS is toast.
http://blogs.zdnet.com/BTL/?p=32979&tag=wrapper;col1
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