Palm Buyout to Happen as Soon as This Week?

Reports are flying all across the Internet that a Palm takeover could happen as soon as this week. Nokia and three other unidentified bidders are showing interest in this company and are willing to fork over upwards of $2 billion for it. A possible buyout could have some pretty big future implication or it could be a bit of a yawn.

Most notably, Palm runs the Treo line of cellphones. Treo is pretty damn popular and even if Palm is bought out I don't see the potential buyer, whether it be Nokia, Motorola, or anyone trying significantly change the very successful Treo smartphone, but simply takeover the name, the very popular name. So, call me a bit of a pessimist, but this is a bit of a yawner, at least for the time being.

Palm takeover expected this week: report [Reuters]