The Beginning of the End at Palm?

PDA innovator Palm has been bleeding cash for years, and now Wall Street has put the company into play

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Palm, the progenitor of the PalmPilot, the Treo, and now the Pre, has come on hard times, yet it still has half a billion dollars in the bank, an easy-to-use operating system, and lots of useful patents. But a report by a Taiwanese business magazine last week that HTC might buy the company has set off a feeding frenzy that now includes Lenovo and Goldman Sachs, and perhaps soon even Nokia. Spectrum editors Steven Cherry and Josh Romero speculate on Palm’s future—and whether it even has one.