Palm’s stock was on the rise again today, in a move similar to Tuesay, again based upon rumors of a possible takeover. This time, the rumors center around HTC. PreCentral points us to a translated article from Chinese Economic News.
Smartphone maker HTC is in talks with Palm on a possible acquisition, the Economic Daily said, citing market speculation, after foreign media reported that some other companies including China’s Lenovo had been named as potential suitors.
Linda Mills, a spokesperson for HTc, said the company does not comment on rumors, but added: “To the best of my knowledge this is just a rumor.”
Palm declined to comment.
Thanks Wil W