CNBC Silicon Valley bureau chief Jim Goldman was likely burned by a source when he reported earlier this week that Motorola was going to purchase Palm, according to Eric Buscemi on BloggingStocks.com.
To date, no deal has been announced.
Buscemi wrote, “More and more information pointed to Motorola as the likely acquirer. Ed Zander, Motorola’s CEO, backed out of a speaking engagement for the CTIA Wireless conference and rumors had been floating around for weeks that Palm was soon to be sold.
“However, Zander said last night during Motorola’s conference call that he backed out of the speaking engagement for family reasons (it did come across as legit). Also, the naysayers for a Motorola deal came out screaming that there was little strategic fit.”
“Goldman’s source said a Palm deal would be announced by Friday. Another Internet site, Unstrung.com, reported a Palm deal was to be announced by today. We will have to see if Unstrung.com is also being strung along.”
“Stay tuned to CNBC to see how Goldman covers his tracks. One could imagine Goldman had a serious conversation with the source before going on the air today.”
Read more here.