Palm Inc. for sale

After disappointing sales of it’s latest handheld device, Palm has announced that it will be seeking bidders soon. One of the companies expected to be interested in the acquisition is HTC, who was recently sued by Apple for patent infringement. As one of the originators of handheld computing, Palm has an extensive patent portfolio that would be very valuable to HTC in defending itself against current and future suits. Other companies expected to be interested include Nokia, Huawei and Microsoft.