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You are here: Home / Rumor Mill / Major Palm Shareholder Expects Motorola Deal Soon

Major Palm Shareholder Expects Motorola Deal Soon

March 22, 2007 by Robb Dunewood 5 Comments

CNBC is reporting that a major Palm shareholder, who did not want to be identified or his stake disclosed, is expecting Motorola to acquire Palm for about $2 billion.

“They (Palm) generate a lot of cash,” the shareholder added. “Paying $2 billion in cash for a company generating $120 million in free cash flow is not a stretch. They could pay up to $25 a share and the deal would still be accretive. Accretive immediately.”

We heard a couple of days ago that Palm might be ready to sell. It was believed, however that Nokia, not Motorola had the inside track.

Motorola

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Comments

  1. Steve (blackberrycool) says

    March 22, 2007 at 11:20 am

    I’m pulling for Motorola in this. For some reason, I’ve a feeling that Nokia would muck this up. Motorola’s getting a better idea of what needs to be done in the smartphone world, and I think this would be a great aquisition.

    Reply
  2. Steve (blackberrycool) says

    March 22, 2007 at 11:22 am

    *acquisition, that is. My “c” key took the morning off.

    Reply
  3. Robb Dunewood says

    March 22, 2007 at 1:21 pm

    It looks like today won’t be the day afterall…

    Reply

Trackbacks

  1. RIM co-CEO Mike Lazaridis To Fill Vacant Keynote Spot At CTIA | RIMarkable | The official, unofficial BlackBerry Weblog says:
    March 23, 2007 at 9:00 am

    […] Zander backed out of the event right before Motorola announced an expected loss for the quarter and that an overhaul of it’s executive team is due. If Zander still has a job, he, may have backed out because he is trying to figure out how struggling Motorola can buy struggling Palm. […]

    Reply
  2. Palm Gandolf: Maybe they can compete with this… | RIMarkable | The official, unofficial BlackBerry Weblog says:
    June 10, 2007 at 10:09 am

    […] has had a rough go it over the passed little bit. There have been numerous rumors about them being bought out. They just recently announced a crippled, Linux running, $599 […]

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