DealZone

Palm looking for an old China hand?

Our report that the money-losing smartphone maker went to China in February in an attempt to sell itself to telecom/tech titan Huawei Technologies makes perfect sense. The mystery is that the talks appeared to go nowhere. Huawei and ZTE, the two big Chinese telecom equipment makers, both have money and ambition and would only be helped by a well-known brand like Palm, right?

Unfortunately, Palm is currently well known for being the laggard behind Apple and RIM, so any buyer will have to have a sensible plan for revitalizing the brand against two of the best in the business. But if Huawei and ZTE are holding out for a better brand, they could be in for a long wait. Palm may not be number one, but it is still a premium brand in a shark-infested marketplace.

After a big run-up on takeover speculation, the stock has fallen back as investors start to expect a take-under – meaning whatever price a buyer does come up with will not match the market’s heady expectations.

Palm has been considered a target for larger companies hoping to enter or expand in the mobile market for years. Based on recent deals in the technology sector, it might get $1.3 billion, given its current $1 billion market capitalization and the 30 percent premium recently paid in tech deals. But analysts tell us that even this might be a rich assumption.

from Shop Talk:

Check Out Line: Duke wins, but there’s another bracket to fill

duke1Check out a different kind of tournament bracket still underway.

The Duke Blue Devils may have won yet another college basketball title Monday night, but consumers can still make their "Sweet 16" picks in Consumerist.com's annual "Worst Company in America"  tournament, which runs through April 26.

In its fifth year, the website, owned by Consumers Union, the publisher of Consumer Reports, lets consumers vote for their least favorite companies in matchups much like the NCAA tournament. Starting with 32 "teams," the tournament pairs companies in votes in which the "winner" (think about it, in a worst company vote you want to lose) advances to face the next competitor.

In the first round this year, Bank of America beat Citibank, GM beat Toyota and in an "upset" Cash4Gold beat defending "champion" AIG. Other companies that advanced included Walmart, Ticketmaster, United Airlines, Best Buy, Apple and Comcast, which has lost in the title game the last two years.