Rumours about Lenovo taking over Palm cause a stock rush

13th April, 2010 by adina
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Some recently launched speculations about Lenovo taking over Palm, which has suffered lower sales than previously projected and therefore poor quarter earnings, have triggered a stock rush a few days ago. Stock prices for Palm have consequently dropped and, for this reason, the company is more appealing to a takeover by other companies. The same rumours regarding the take over have lately determined a boost of Palm’s stock value. None of these rumours has however specified whether Lenovo would use webOS or Palm’s mobile experience.

The purchase of Palm could boost Lenovo’s chances to penetrate the smartphone market, which it is already testing with Android-powered handsets such as its LePhone. The new device is believed to have a 1GHz Qualcomm Snapdragon processor, a 3-megapixel camera, Wi-Fi and GPS, a touchscreen and a hardware QWERTY keyboard. Its arrival on the Chinese market is expected for the first half of this year.


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