Palm Stock Price Jumps On Rumors That Lenovo Is Eyeing It

on 04/07/2010, filed in Home > General

This is still very much a rumor at the moment, but word is going around that Lenovo is actually considering buying Palm, which certainly isn’t enjoying the best time of its history recently. Despite the recent drop in Palm’s stock price, it has jumped up a nice 20 percent thanks to these rumors. Do you think that there might be any truth in this, or is the rumor just going around to help raise the stock price? A webOS-powered Lenovo phone might not be that bad an idea, right?

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Lenovo: Lenovo Group Limited, commonly known as Lenovo, is a Chinese consumer electronics company that is based in Morrisville, North Carolina. The company was founded in 1984 in Beijing, China by Chinese businessman Liu Chuanzhi, and was eventually incorporated in Hong Kong in 1988 under its former name, Legend. Lenovo became a publicly traded company after listing in Hong Kong in 1994. The name Lenovo, which is a shortened portmanteau of the words Legend and the Latin word "novo" (meaning: new) was officially used in 2003 when the company announced its plans to develop outside China. Lenovo's products include personal computers, notebooks, tablets, AIOs, mobile phones, servers, storage devices, workstations, and more. Lenovo is one of the world's largest PC vendors.

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