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HTC Not Interested in Palm; Palm Can Survive

By - Source: Tom's Hardware US | B 14 comments

HTC has said that it won't be submitting an offer to purchase Palm, despite the rumor mill saying otherwise.

Over the last few weeks, there has been speculation that Palm was accepting buy-out offers and one of the companies rumored to be offering, or at least thinking of offering, was HTC. It made sense for HTC to acquire Palm's vast IP portfolio. Currently embroiled in a patent infringement lawsuit with Apple, owning all of the patents currently owned by Palm would be a great weapon for HTC. However, it seems HTC is not interested.

Citing people with knowledge of the situation, Reuters reports that HTC was approached about making a bid but decided to pass after reviewing Palm's books. Lenovo is now said to be the front-runner for acquiring Palm.

However, Palm's CEO Jon Rubinstein has said he thinks the company can still operate independently. In a recent interview with the Financial Times, Rubinstein said, "Palm can survive as an independent company. We have a plan that gets us to profitability."

Rubinstein did say that the board would have to consider a reasonable offer if it was presented to them but he seems confident that the company can pull itself back up. The CEO even said the company may let other mobile manufacturers use its WebOS operating system to boost revenue.

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  • 0 Hide
    Hiniberus , April 23, 2010 2:35 PM
    Man I haven't seen a PALM product around for a while, where I live at least. I wonder what they're up to...
  • 6 Hide
    theuerkorn , April 23, 2010 2:46 PM
    Palm needs to innovate and open up. Otherwise R.I.P.! It's really that simple and I am afraid they don't have the resources anymore to do it on their own.
  • 1 Hide
    apmyhr , April 23, 2010 2:54 PM
    Maybe if their advertisements weren't so damn creepy more people would buy their phones.
  • Display all 14 comments.
  • 2 Hide
    zoemayne , April 23, 2010 3:01 PM
    theuerkornPalm needs to innovate and open up. Otherwise R.I.P.! It's really that simple and I am afraid they don't have the resources anymore to do it on their own.

    Its too late their obviously trying to sale the company b/c their recent products werent that successful this is what happens when everyone buys a single product apple.
  • 0 Hide
    Anonymous , April 23, 2010 3:11 PM
    They made the mistake of only offering one hardware platform for the phone. Even though Apple pulled it off, Palm made their phone way too specific in taste. Didn't cater to the people who prefer a virtual keyboard, or people who like bigger screens.. etc. WebOS has lots of potential, but they gotta expand the hardware variety.
  • 1 Hide
    omnimodis78 , April 23, 2010 3:32 PM
    Too bad that palm couldn't get its act together in time - as far as products are concerned, they had the edge when the smartphone revolution began but they lacked imagination, and certainly had a substandard marketing dept/firm. You look at the iphone - what a piece of crap (really, I know) and yet it sells for no other reason than marketing and perception. I loved my treo, but I moved on to an htc and if I had to I'd rather use the "cell phone" from miami vice than an ugly cliched iphone.
  • 1 Hide
    koss64 , April 23, 2010 3:37 PM
    The Palm Pre plus actually looks like a phone id own(if i could get it that is)
  • 2 Hide
    totheshed , April 23, 2010 5:02 PM
    ZingamIn Europe we do not buy Apple...


    I wish I could say that about America
  • -3 Hide
    tayb , April 23, 2010 6:32 PM
    ZingamIn Europe we do not buy Apple...


    Lies. Apple sells a ton of iPhones in Europe.

    totheshedI wish I could say that about America


    Fanboy to the new level right here. Being embarrassed because people in America buy iPhones. Hey, hide your iPhone when you visit Europe!!
  • 0 Hide
    toastninja17 , April 24, 2010 1:06 AM
    ROCKED!!!
  • 3 Hide
    wip99gt , April 24, 2010 5:37 AM
    I got a palm pre and it's been a great phone.
  • 0 Hide
    JohnnyLucky , April 24, 2010 1:03 PM
    I am not surprised the company is fading away. It happens all the time.
  • 1 Hide
    digitalprospecter , April 25, 2010 1:38 AM
    I remember when Palm Pilots were the big thing. Empires rise and Empires decline.
  • 0 Hide
    r3z0nate , April 28, 2010 12:46 AM
    I was interested in upgrading from my Treo 700p to the new Pre Plus, but I'm sick of every provider getting away with fixing prices, and basically charging whatever they want regardless of what it actually costs to operate. From the $5-$15 text messaging plans, to the $30 data plan that is now mandatory for every phone that isn't crap on the market. I'd pay for an unlimited data plan, if they were honest enough to admit that text messages cost them practically nothing to send & the phone could do everything over the net..