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Palm stock sky rockets thanks to Lenovo buyout rumor

– April 7, 2010Posted in: Analysis

The graph above pretty much says it all, but to throw in a bit of context: at around 10:30 EDT this morning, a rumor ripped through Wall Street indicating that Lenovo was considering snatching up Palm. In the roughly 3 hours or so that have passed, Palm stock has surged by just over 70 cents, or roughly 18%. If you crossed your fingers and dumped a few grand into Palm last night, you woke up this morning a happier person.

We’ll keep our ear to the ground for more info on this potential Lenovo/Palm takeover.

Palm stock sky rockets thanks to Lenovo buyout rumor

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Palm stock sky rockets thanks to Lenovo buyout rumor

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