I’ve always been a big Nokia fan despite the company’s recent struggles in capturing a piece of the smartphone market, especially in North America. If a rumor filtering from PreCentral is true, Nokia may be considering a strategic move that is sure to help out its prospects. That strategic move being the possible acquisition of Palm. Not only does Palm have a mobile operating system in webOS that far outdoes anything Nokia has currently, but Nokia’s research and development budget is a whopping 10 times that of Palm’s. With that kind of financial scale, a Nokia-Palm team could very well create a mobile ecosystem that rivals that of Apple and Research In Motion.
Yesterday the rumor propelled Palm’s stock price over the $17.00 mark, exponentially beyond its December 2008 price of $1.42 per share. But Oregon-based Pacific Crest Securities analyst Jim Faucette says that to Nokia, Palm may be worth $25 to $30 per share. Time to buy a few stocks I think.
Is Nokia mulling a Palm takeover bid?
Sep 23 at 8:08am by admin
