Palm in discussion with Goldman to seek buyer

By Satish K
According to rumors spreading around internet, Palm may be in negotiation with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer for the company.
These rumors come after the revelation of poor results last year. There are reports that HTC and Lenovo are leading a race to acquire the company. Due to rumors of the acquisition, which began appearing last week, the company’s stock appreciated by 32%, but still far from the losses that reached 60% last year.
With the big players like Google’s Android devices and Apple iPhone, Palm has fewer chances to survive in the competitive market.