Palm is cheap. It's market cap is just $850 million or so as of this writing. Analysts think it's worth zero.
Palm's shares have risen 50% since Wednesday when reports surfaced that Lenovo was interested in Palm. Lenovo is more logical fit for Palm since Lenovo doesn't have much of a mobile footprint. It's unclear if Lenovo has the cash to buy Palm though, says Rich Smith at the Motley Fool.
HP paid $1.2 Billion for PALM.
