Palm is looking for $7 to $8 per share

Reports are that Palm has put itself up for sale with bids coming in this week. Goldman Sachs and Qatalyst Partners are charged with the task of finding a buyer according to reports. Most say HTC Corp (2498.TT) and Lenova Group (992.HK) are likely to make offers but Dell has opted out of the bidding. Whispers are that Palm is looking for bids in the range of $7 to $8 per share.