Sources: Morgan Stanley advising as Palm seeks buyer

Iria · Mar 5, 2007, 03:55 PM

Source: News.com
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Investment bankers from Morgan Stanley are advising Palm on its options as the maker of the Treo smart phone seeks a buyer, according to several sources familiar with the situation.

Shares of Palm rose 11 percent on Friday to as high as $18.08, their highest level in eight months, on renewed speculation that leading mobile phone maker Nokia was eyeing the company.

Mar 5, 2007, 03:55 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Sources: Morgan Stanley advising as Palm seeks buyer Source: News.com ________ Investment bankers from Morgan Stanley are advising Palm on its options as the maker of the Treo smart phone seeks a buyer, according to several sources familiar with the situation. Shares of Palm rose 11 percent on Friday to as high as $18.08, their highest level in eight months, on renewed speculation that leading mobile phone maker Nokia was eyeing the company.