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Takeover Rumors Running Rampant

Fri Apr 9, 2010 - 12:50 PM EDT - By Annie Latham

First it was Lenovo, now its HTC.

The latest rumors mention those two companies as potential suitors for Palm. According to Reuters, Palm's stock soared earlier this week as investors covered short positions on renewed speculation that the smartphone maker might be an acquisition target.

Palm started the week under $4. By mid-day on Friday, the price has been bouncing around $5.20.


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