Another late one...
Shares of palmOne rose more than 12 percent yesterday based on rumors that Dell is interested in acquiring the Milpitas, Calif. handheld device maker. Acquiring palmOne, the leader in handheld sales, would vault Dell to the top position but would run contrary to the formula that has made it one of the fastest growing companies for the past 15 years.
In an interview last November with CNET's News.com, Dell CEO Michael Dell said, "We haven't been a superacquisitive company. We like to grow organically and will probably continue to do so. That doesn't mean we eliminate the possibility of acquisitions, but I wouldn't hold your breath."
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