After a valiant effort to regain its position in the smartphone space, Palm and its webOS platform was sold in 2011 to HP for a remarkable $1.2 billion. Unfortunately, things didn’t work out as planned and HP later sold off its various assets to several companies, including LG.
News surfaced last week, via mynewpalm.com, that the company would be resurrected in some fashion. According to a press release issued today, Chinese manufacturer TCL Corporation, which operates globally as Alcatel OneTouch, has secured the rights to bring the Palm back to life, but gave no details as what it plans to do with it.
“Palm brand has always been synonymous with innovation throughout its history. As such it has consistently acted as a pioneer of mobile technologies. Now is the time to revive and bring back this pioneer spirit,” said the announcement. The New Palm will be based in Silicon Valley and leverage “the talents and partnerships of the area.”
Apparently the objective of Palm “goes far beyond proposing a more advanced device” as it desires “to deliver absolute breakthrough innovations in Technology, Design, User Experience, Eco-system, Marketing, Supply Chain, and Business Models.”
[source] Android Central [/source]