Reuters reveals Palm tried to sell self to Huawei; news raises stir

Reuters reported exclusively on April 13 that Palm had approached Chinas Huawei to sell itself but that talks had gone nowhere after that. Palm shares tumbled 15 percent after the story came out, giving up some gains from previous sessions on media reports that Palm was shopping itself around. Dow Jones was forced to pick up the Reuters report citing Reuters, while Bloomberg failed to match the story, which was widely picked up by media including the online edition of the Wall Street Journal and influential blogs such as NYTs DealBook and the Street and Barron’s Blog.