If a report from financial paper The Taiwan Economic Times is to be believed, freshly acquired Palm Inc. is getting ready to fire up the afterburners and fuel them with bags full of HP’s cash. The paper cites industry sources in claiming that Chinese manufacturing giants Foxconn and Compal were recently awarded new contracts for a total of five to six new Palm-branded devices. Among them is the fabled PalmPad, a webOS-powered tablet that will compete with the Apple iPad, the BlackBerry PlayBook and the flurry of Android tablets currently bombarding the market. Each of the aforementioned five to six devices will reportedly go on sale in 2011.

[Via PreCentral.net]