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Palm To Purchase Be's IP
There's been a lot of rumours swirling around an imminent buyout of Be's IP given their current cash situation. But I wouldn't have thought of Palm as a potential suitor - but a story in the subscription only area of today's WSJ indicates it to be true. Hopefully a non-pay service will get the story soon - but looks like Palm is trying to beef up its software side, and wants to get some Be's engineers.Update: 08/16 02:16 PM by H :Looks like C|Net has the details - 11 million USD in Palm stock for the purchase of Be.
Yeah, Palm was heading down the road to destruction pretty well, but I think this move really seals it for them. Not that the stock itself is that much, it's more of a perception thing, showing how directionless Palm has been for the last couple of years. It's like they're in the death throes flailing around for anything they can grasp onto just to stay alive. It's hard to believe that a company with such a large marketshare is thought by so many to be destined for www.fuckedcompany.com, but that just shows you how badly the past couple of years has been for Palm and how poorly they've set themselves up for the future.
On a side note, and having used BeOS in the past: Ouch about being bought out for only $11 million. And not just $11 million, but $11 million in Palm stock, which is going to be about as valuable as VA Linux stock in a couple of years...