Speculation is running rampant about the future of Palm after it lowered its guidance last week with analysts, pundits and bloggers alike offering up advice to the struggling company. One of the more unusual suggestions has Palm partnering up with Sprint to release a WiMAX handset, noting that the manufacturer and the carrier have had a close relationship in the past and the market for a WiMAX handset is brand new and wide open. Some analysts dismiss this idea, claiming that Palm would not risk its future on an untested and relatively niche market, and they point towards updated 3G hardware with a larger touchscreen and distribution on a major carrier like AT&T as Palm’s saving grace. The Wall Street Journal even chimed in with its “people familiar with the situation” reiterating the claim that Palm will release a webOS device on AT&T in the next few months and projecting that Palm has new hardware on tap for later this year. In the end, Palm has one or two final high stakes hands to play and let’s hope it has enough cash in the bank to be able to ante up what it needs to stay in the game. More →
Back in June we told you about the updated electronics recycling program Best Buy was piloting (above and beyond their efforts already in place) and we’re happy to see other big retailers jumping on board with programs of their own. RadioShack is jazzing things up a bit with it’s electronics recycling program and offering up cash for your unused gear. Well, not really cash, but you’ll get a gift card good at any Shack which is still pretty cool. The process is easy – hit the site, appraise your unused electronics online and as long as your appraisal is realistic (don’t try to pass off your smashed BlackBerry as brand new) you’ll know exactly how much you’re in store for. The prices aren’t half bad either and some are even more than what you might get from eBay. $255 for a Nokia N95 8GB, $62 for a Samsung Blackjack, $42 for a 3rd generation iPod classic, $300 or more for a used laptop… They’ll even take that old Vertu Ascent off your hands for an even $510. Ok well that last one’s probably not such a good deal, but it’s definitely worth browsing through the site to see if RadioShack might be able to lighten the financial burden that this holiday season will undoubtedly be.
Is Microsoft looking to buy RIM? According to the latest buzz on Wall Street, the answer is possibly, but only if RIMs shares hit the $40 mark. With RIMs shares hovering around the $60 mark, Microsoft is rumored to be looking for RIM to tumble further before taking action. Said Canaccord Adams analyst Peter Misek, “RIM is a massive strategic fit for Microsoft. I’m fairly certain they have a standing offer to buy them at $50 [a share].” Granted this does sound a bit far fetched, but considering that the market cap of RIM is approximately $34 billion at $60 a share and would equal $28 billion at $50 per share, the move makes sense. But how would Microsoft afford such an expensive purchase? With cash and stock options, something which Microsoft has $23.6 billion to spare. If you were Balmer & Co., would you pursue the purchase of RIM?