Wow that comes as a surprise!! Not only because it contradicts those rumors about Palm buying PalmSource back (which have never sounded reasonable to me), but also that a private company like ACCESS, who has only been known for its Netfront browser until now, can spend over $300m USD for buying a ramshackled company. It's definitely not a bargain considering that total market cap is only roughly $170m USD.
So what do I think about the future of PalmSource? Honestly I don't know what to make of this acquisition. ACCESS has no record whatsoever in developing mobile operation systems, and I don't know how PalmSource employees will take it to be the playball of some Japanese investors.
Btw, did you notice the volume spikes in the past few days, and the option call activities? Did anyone say insider info?
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