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HTC drops out, Lenovo now front-runner to pick up Palm pieces

Written by Andre Yoskowitz (Google+) @ 23 Apr 2010 13:02 User comments (3)

HTC drops out, Lenovo now front-runner to pick up Palm pieces After HTC dropped out of the hunt, it appears that Lenovo is now the front-runner to purchase struggling smartphone maker Palm.
Lenovo is the world's fourth largest PC maker, but has struggled to make any headway into the phone market.

"A most suitable candidate will be a mainland Chinese company," adds Lu Chialin, an analyst at Macquarie Securities in Taipei. "They've got a lot more free cash and don't have the brand presence in the United States, so that will all give them that boost they need."

HTC passed on bidding after reviewing Palm's balance sheet and books, leaving Lenovo as the top "mainland Chinese" company left in the running.

"There just weren't enough synergies to take the deal forward," says an anonymous HTC source, via Reuters.

Officials from all three companies declined to comment.

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3 user comments

123.4.2010 16:28

The is obviously the outcome of Radio Shack dropping them, now there's a bunch of Palms in pieces.
See I said this wasn't a very smart move, look at the mess you made!

225.4.2010 8:44

spam edited by ddp

This message has been edited since its posting. Latest edit was made on 25 Apr 2010 @ 12:46

325.4.2010 8:52

it works.. ;) spam spam spam spam

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