Monday, March 05, 2007

Facing More Competition, Palm Explores Options - WSJ.com

 An unhappy milestone for Palm, in the grand scheme of things

Palm Inc., maker of the Treo smart phone, is working with investment bankers to explore its strategic options. The Sunnyvale, Calif., company is working with Morgan Stanley to evaluate options ranging from a sale, an investment by private equity or a purchase of its own, people familiar with the matter say.

A Palm spokeswoman said the company doesn't comment "on rumor and speculation."

Source: Facing More Competition, Palm Explores Options - WSJ.com

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