HP Buying Palm for $1.2 Billion

Well, just about a month back, I analyzed what went wrong at Palm (NASDAQ:PALM) and said that the best fit for Palm as an acquirer would be HP (NYSE:HPQ). Well, HP IS acquiring Palm for $1.2 billion in cash including debt. HP will pay $5.70 per Palm share, a 23% premium to Wednesday’s closing price

Read Full Article »

Bullish on RIM and Palm

Last week, Research In Motion Limited (NASDAQ:RIMM; TSX:RIM), the BlackBerry maker with annual revenue of $11.07 billion, reported stellar third quarter results while Palm, Inc. (NASDAQ:PALM) reported second quarter results that missed estimates. However, both companies beat estimates for device shipments. Let’s take a closer look.