Andre Yoskowitz
13 Apr 2010 21:38
Huawei of China has surfaced as the latest name in a growing list of possible buyers of the struggling smartphone maker Palm.
Palm has been in contact with Huawei since February, although talks have stalled of late.
Just yesterday, Palm confirmed it put itself up for sale, and the company has a handful of suitors already considering buying the smartphone pioneer.
The most notable names mentioned are rivals RIM, Lenovo and Dell, each of which have smartphones in the market.
Says one analyst: "I think its someone who is on the outside looking in to the U.S. smartphone market -- someone who wants to participate but isn't there currently -- a Huaweh or a Lenovo. It's those types that would be the best fit," reads an Avian Securities analyst Matthew Thornton note.
Smartphone sales are expected to continue growing, with a 38 percent rise year-on-year expected in 2010.