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Palm Beats, Mum on Buyout

Stock quotes in this article: PALM , MOT , MS  

Updated from 4:18 p.m. EDT

Smartphone maker Palm(PALM Quote), the subject of frenzied buyout speculation for the last two weeks, continued to dance around the question of whether it is in play or in talks with any buyers.

Palm CFO Andrew Brown said the company will not comment on "rumors and speculation" even as analysts peppered Palm executives with questions about possible M&A activity during the company's quarterly earnings conference call.

"We are focused on operating our standalone company and driving our plan," said Brown. ...

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