According to Unstrung.com, Palm Inc (NASDAQ: PALM) is said to be announcing a deal with a prospective buyer this Thursday for $20 per share. This deal will not be the last in the wireless space.Openwave Systems (NASDAQ: OPWV) is also under intense pressure from large shareholder Harbinger Capital. In addition, SAC recently became a large shareholder.
Openwave has similar characteristics as Palm in that it has close to $500 million in cash on its balance sheet, little-to-no debt and has new product launches underway.
While there seems to be money to be made in Palm if the $20 per share offer as reported is on target, Openwave could provide even more upside.










