Palm Looking for a Sugar Daddy

Beleaguered Palm (s palm) is looking for a buyer, according to a report by Bloomberg. The company has failed to capitalize sufficiently on the webOS platform — launched to great fanfare a couple of years ago — and is courting companies for a sale. Rumors of a potential sale of Palm have been swirling for a while, and an official search for a buyer will be announced soon according to Bloomberg.
Two companies mentioned to have an interest in acquiring Palm are Lenovo and HTC. Lenovo produces the ThinkPad line of notebook computers, and has recently entered the smartphone market through an acquisition of Lenovo Mobile Communication Technology Ltd. HTC is one of the largest makers of Android (s goog) and Windows Mobile (s msft) handsets. An acquisition of Palm by HTC would have definite ramifications in the smartphone world, as it would add Palm’s webOS to HTC’s already impressive product line.
HTC has recently been sued by Apple (s aapl) for alleged patent infringements, and an acquisition of Palm could play an unexpected role in that legal situation. Palm has a healthy portfolio of patents going back to the Palm Pilot days, and it’s possible these could be leveraged by HTC in its battle with Apple.
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