I could be way off base, but I'd guess that this is more of a sign that there are a lot of doubts about the viability of PalmOS for Linux and PalmSource's ability to grab market share in the Linux phone space. If there was an acquisition in the works, wouldn't that be boosting the stock a bit? (Unless it's a clearance fire sale liquidation sort of acquisition, of course.)
But despite the overwhelmingly bad news about PalmOS future, I'm still positive about chances for something good in the future that not only allows them to survive, but to be a significant player in the market. Maybe it's more hope than analysis, but I think they'll make it.
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