Monday, April 26, 2010

Lenovos Reported Interest in Palm Leads to Rise in Companys Shares

Reports have revealed that shares of Palm Inc. rose on Friday on signals that pointed to the speculations that the struggling smartphone maker might have managed to gather some serious interest from Lenovo Group Ltd., the Chinese technology major.

As per speculations, Lenovo has managed to emerge as the biggest and foremost suitor for Palm and could pay am amount of as much as $1.3 Billion. HTC Corp. has now reportedly declined to bid for Palm, after a similar decision which came in from Huawei Technologies Co.

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