Reuters heard that HP is looking to sell Palm's webOS mobile software platform. Unfortunately for HP, a deal will likely fetch just a fraction of the $1.2 billion that it paid for Palm in 2010.
Advised by Bank of America Merrill Lynch, HP is trying to figure out how to recoup its investment in Palm, viewed by many analysts and investors as an expensive foray into the smartphone market that has not paid off.
Several technology companies have expressed an interest in buying the division, which is seen as attractive for its patents, the sources said.
Amazon.com Inc, Research In Motion, IBM, Oracle Corp and Intel Corp are considered to be among the companies likely to be interested in the asset, industry sources said.