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.

If your'e a T-Mobile customer, you can bet on two things in the coming months. One: you'll no longer be subjected to the nagging question, just how much of my monthly bill is going to pay Catherine Zeta-Jones' retainer? [She'll be absent in the company's advertising after her contract expires next year.] Two: you'll soon be able to view BloggingStocks on many T-Mobile phones.

According to the Wall Street Journal, T-Mobile (a unit of Deutsche Telekom AG (ADR) (NYSE:DT)) is soon to roll out a line of phones that can roam onto wireless connections either in consumers' homes or in T-Mobile hotspots, such as Starbucks Corporation (NASDAQ:SBUX) coffeeshops.

Just in time, as it turns out: now BloggingStocks is wireless-ready. It's now set to auto-detect that you're browsing from a mobile phone, including

• Pocket IE (Smartphone and Pocket PC)
• Blazer (Palm OS)
• BlackBerry handsets
• Current wireless handsets with WAP-enabled browsers (almost all current phones)

and, naturally, the new T-Mobile units. Because you finance whizzes, you need to be checking out the latest snark on BloggingStocks when you're hanging at the 'Bucks.