HP is investigating the sale of the WebOS division. According to a report from Reuters, Research In Motion, among others, are apparently interested in the bid for the company. WebOS technology and Palm’s patents seem to be a right fit for RIM. However, is RIM in a financial position to make such a purchase? Last week, RIM’s stock dropped below book value and their market cap was lower than their assets.
One of the other reported companies expressing interest is Amazon. They are newly venturing into the tablet market, with the release of the Kindle Fire. Time will tell if RIM makes a high enough bid for WebOS. How do you think RIM would utilize WebOS and Palm’s patents for the betterment of BBX?
via ars technica