Responding to continued speculation about being a possible takeover target, Palm CEO Ed Colligan told CNBC that "we're not focused on figuring out how to sell the company."
“We’re launching the most innovative products in the market place,” Colligan told CNBC’s Jim Goldman. “We’re trying to continue to push that envelope. We’re not focused on figuring out how to sell the company. We’re focused on how to build the company and create long-term shareholder value.”
Speculation about a possible sale have swirled around Palm for months, most recently involving Nokia, Motorola or private equity players Texas Pacific Group and Silver Lake Partners.
Palm also reportedly hired Morgan Stanley to pursue a buyer.