4/13/2010 10:45:00 AM
Palm woos Huawei, sources claim
Palm approached China's Huawei Technologies in February for preliminary acquisition talks, sources told Reuters today.
Huawei was approached through its investment bank in mid-February to have preliminary discussions, which have so far not made any progress, the source told Reuters.
Sources also claim Palm has hired bankers to explore several options, including a sale of the company.
Huawei said in a statement: As a matter of policy, Huawei does not comment on speculation about possible mergers or acquisitions. Huawei is always open to consider opportunities that will further enhance its business development.