SUNNYVALE, Calif. (
, the smartphone maker, plans to seek bids for the company as early as this week, a report says.
Palm is working with
and Qatalyst Partners to find a buyer,
reports, citing three people familiar with the situation. Taiwan's
have looked at the company and may make offers, said the people.
Palm, which makes the Pre and Pixi smartphones, ranked sixth in the North American smartphone market during the quarter ended Dec. 31 with a 4.3% share,
reports, citing data from Gartner Inc. BlackBerry maker
Research In Motion
was No. 1 with a 44% share, followed by
Palm shares rose 32% last week on renewed speculation of a takeover bid,
The shares closed Friday at $5.16.
-- Written by Joseph Woelfel in New York.
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