WHY PALM’S HEADED FOR A BUYOUT — BY RIM

Palm was king of the handheld screen when it launched its popular Palm Pilot handheld device back in the 1990s. But it’s since been almost forgotten in a flurry of competitors vying for a slice of the smartphone market. And when it recently tried to launch a phone and underlying operating system that rivaled Apple’s iPhone in elegance and ambition, the phones failed to sell. Given its recent earnings and desperate cash position, it’s clear… (more…)