[From Hans]
Why Palm Is Headed for a Buyout, by RIM is an interesting editorial by The New York Times. "Palm was king of the handheld screen when it launched its popular Palm Pilot handheld device back in the 1990s. But it’s since been almost forgotten in a flurry of competitors vying for a slice of the smartphone market. And when it recently tried to launch a phone and underlying operating system that rivaled Apple’s iPhone in elegance and ambition, the phones failed to sell. Given its recent earnings and desperate cash position, it’s clear the company is heading for a spectacular failure.
Can Palm turn itself around by raising more cash and tweaking its strategy? The only promise for Palm’s future is a buyout. And the only buyer that makes sense is BlackBerry maker Research In Motion."
Read in full.
