Despite trouble with the USB Forum, Palm shares are climbing this morning on market chatter claiming mobile phone giant, Nokia, may plan a takeover of its smaller rival.
Reports from financial wires suggest the potential marriage may be predicated on two twin but different needs: Nokia want’s an Apple iPhone-class technology for its smartphones, while Palm needs financial clout to truly gain the chance to deliver on its own technological possibilities.
While neither company has been prepared to comment on these rumours, Palm stock climbed 10 per cent on early Nasdaq training (up $17.50) on chatter and claim.
A Palm purchase could also help Nokia strengthen its reach in the US market, where it is weak
