Rumors of a Palm takeover seem to be gaining credibility, with the Wall Street Journal reporting that the Treo maker has hired investment bank Morgan Stanley to do the pimping...err, I mean "evaluate the options."
Top suitor is still seen as Nokia, which will need some smartphone magic to stay competitive once Apple's iPhone starts to skew the market.
Palm also happens to have $500 million in cash lying around, which never hurts when you're looking for companionship.
Palm said to hire banker, explore sale[MarketWatch]
