The company has been up for sale and it doesn’t seem as if anyone wants to buy them.
So, he’s open to a “strategic relationship or business deal” and he’s open to considering a “reasonable offer” from a third party–hence the news about Lenovo. Although not the only company said to be in the running, some analysts believe that Palm’s best hope would be to look for a buyer from mainland China, which could use Palm as a way of getting a foothold in the lucrative US smartphone market. Some commentators, however, see this as unlikely, as Lenovo’s smartphone, Lephone, has just launched in China and, if successful, will probably make its way across the Pacific some time next year.
Although the CEO claims he has “a plan that will get us to profitability,” the licensing option could just be a cunning diversion for Rubinstein’s plans. He refused to confirm that Palm may have already called in banking advisers to oversee a sell-off, which could mean that the board has already decided to split the hardware and software divisions and put them on the market as separate entities. The ace in Palm’s hand is, of course, its webOS operating system, but in a market filled with better smartphones, its hardware just doesn’t rock the socks off the general public.
It’s a shame, as their WebOS would really go nicely with a company that has the hardware but not the software. Why someone like Samsung or Nokia doesn’t hop in bed with Palm is beyond me.