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Palm shares jump on takeover speculation

Mo Cheng's blog / Palm / Palm shares jump on takeover speculation
Palm shares jump on takeover speculation

7 April, 20107 April, 2010 Palm Palm

Shares of Palm Inc. jumped 20 percent Wednesday on reports that Lenovo Group might be interested in buying the company.

 

 

Kaufman Bros. analyst Shaw Wu told Marketwatch that he wasn't sure Lenovo could pull off a ourchase of Palm, suggesting that other possible buyers include Hewlett-Packard Inc. (NYSE:HPQ), Dell Inc. (NASDAQ:DELL) and Cisco Systems Inc. (NASDAQ:CSCO).

 

source:bizjournal

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