Palm Inc (PALM)

[JoeHall]

PALM LISTED BY ZACKS AS A POSSIBLE AQUISITION TARGET

March 22, 2010 05:00 PM Eastern Daylight Time
Zacks' Voice of the People highlights opportunities with Palm, Apple, Google, Motorola, Verizon, and AT&T

CHICAGO--(BUSINESS WIRE)--Zacks highlights commentary from People and Picks Trader “PrimoTenore”.

For more Voice of the People, visit http://at.zacks.com/?id=5851

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The case for PALM as an acquisition target

There's a really good article on Gizmodo on why Google should buy Palm (Nasdaq: PALM). Here's the short version of the argument:

1. Apple (Nasdaq: AAPL) has already started a patent war with HTC, whose real target is Android.

2. Palm has a great big portfolio of patents, some of which may be grounds for suits against Apple for infringement.

3. Palm is dirt cheap to a company like Google (Nasdaq: GOOG) or even Motorola (NYSE: MOT).

4. Palm's army of WebOS software developers should integrate nicely with Google's Android team, since their shared Linux lineage make them kissing cousins.

5. Palm is staffed very heavily with former Apple employees who would have firsthand insight to inform Google's battle plan.

6. Palm has experts in hardware development, a function Google is currently farming out to minor players like HTC.

7. Palm has a whole team in carrier relations. If Google is going to make real progress getting Verizon (NYSE: VZ), AT&T (NYSE: T) and the like to push Google devices on their customers, those relationships could use a boost.

Looking at a chart of Palm, it's hard to see how it could go much lower. This is a very compelling case for what an attractive takeover target it would be. I think it's a good speculative pick at this price.

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