Rumor: Dell May Buy palmOne?
Rumors floating around wall street that Dell is interested in a takeover of palmOne sent stock shares of palmOne higher in trading yesterday.
The uncorroborated rumor was posted in a note on the stock site Briefing.com. It stated, Dell (DELL $35.78 +1.3%) rose after Banc of America raised its rating to Buy from Neutral. DELL has started offering companies a zero interest lease for PCs. There were rumors floating around of a possible Dell takeover of PalmOne (PLMO $18.21 +12.5%), which is certainly feasible and a deal would create synergies for both companies.
Shares of palmOne were up 12% in trading wednesday based on the news.
Thanks to Gaurav for the tip.
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