Palm Runs Out Of Options As HTC Reviews, Declines To Buy The Company

According to a report based on a source from an Asia-based Reuters correspondent, smartphone maker HTC has decided not to bid for Palm after looking at the company's numbers. The source, which reportedly has direct knowledge of the talks, said there "weren't enough synergies to take the deal forward". That leaves Palm, which has been struggling to boost sales of its new range of smartphones, running out of options fast.