Is Palm a takeover candidate now? - MarketWatch
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I came across this article when reviewing some Technology stocks today. As Palm sees its value soar due to the release of the Pre, it may be suiting for a buy out by the end of the year. Palm has been a laggard behind Blackberry and Apple in the last few years, but recently is emerging again as a force. This article speculates that Dell could be a buyer, which I would not rule out since Dell has lots of Cash sitting on the sideline. At the beginning of 2009, Dell held about $8B in Cash equivalent.
Could this speculation become a reality sooner than we think? I would argue that the current market price of Palm is a fair value, and I agree with Dan Gallagher of MarketWatch, that if a buyer comes along, look for them to purchase Palm at around $20 a share.
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