Persistent Palm Rumors Starting to Take Shape (PALM)

Posted in pre-market 
April 9th, 2010

Palm, Inc. (NASDAQ: PALM) is up again and seeing trader interest Friday morning on new reports that HTC may be in talks to acquire the company.  A report from Engadget has investors looking at reports in Economic Times and Economic Daily News showing that HTC is exploring how it would or could integrate Palm into its fold.

There will be many updates on price here this morning.  UPDATE 8:42 AM EST: Shares are up 11% at $5.17 on about 3.2 million shares.

At 7:43 AM EST we have seen 240,000 shares trade hands and the stock is up at $5.04 after a $4.65 close on Thursday.

The rumor mill is not new here, as you will see from this week’s trading over the last three trading days:

  • 46,482,000.. $4.65
  • 83,317,500.. $4.62
  • 8,603,400… $3.85

JON OGG

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