Palm suffers at the stock market as no Motorola bid emerges

Palm suffers at the stock market as no Motorola bid emerged

The share of Palm took a beating at the stock market as the market saw no bid for acquisition from the mobile phone maker Motorola.

Rumors in the market have been claiming that both Motorola and Nokia are currently discussing possible acquisition deals with the Smartphone maker.

The shares lost nearly 9 percent as the market is now believing that the Motorola’s silence on the subject is a good enough proof that they are not really interested in such a deal right now.

Motorola is facing troubled times as well in the market as they are expected to post a loss in this quarter due to poor performance of their mobile phone division.

Palm on their part recently posted lowered profits but improved sales. The performance still managed to beat market expectations.