Now here is an interesting piece of information coming from the San Francisco Chronicle. They have learned from a “source familiar with the negotiations” that RIM along with Apple, Nokia, & Google were seriously considering to buy Palm. HP eventually won the deal for $1.2 billion but supposedly RIM "had to work incredibly hard to blow it."
According to this same source RIM almost had the deal and put in a bid higher than HP but then HP raised its bid and RIM somehow screwed up the deal. They also looked into the proxy information for the sale and their assumption is that RIM’s bid was “Company C.” Their bid first tried to acquire patent rights from Palm but then tried buying all of Palm. They started at $6-7 per share offer but lowered it to $5.50 afterwards.
I am kind of glad that RIM failed to buy Palm if this source is correct. On the other hand RIM can really learn a thing or two from Palm about hanging on to a legacy OS until you reach the point where even a total overhaul cannot save you.