Gartner analyst Ken Dulaney said he heard that Palm was seeking suitors to bring in much needed capital and resources for the Treo maker, according to a report on SFGate.com. As rumors began to percolate about Palm seeking suitors, the company's shares rose from $1.06 to $16.45 on Thursday. Analysts claim that Microsoft and Motorola are the most likely suitors, however, Citigroup analyst Daryl Armstrong has said that a Palm acquisition wouldn't make sense for Moto, which already has its own smartphone, the Q.
For more on the rumored Palm sale:
- check out this article from SFGate.com