Palm is thought to have put itself up for sale.
Despite launching the Pre last year, Plam is still thought to have put itself up for sale
Despite launching the Palm Pre, which runs Palm's WebOS software, last year, the company still failed to achieve the financial results it expected.
In February this year, Palm predicted that revenues from its smartphones would fall far shorter than initially expected.
"Palm still has quite a good brand in the US market, and some strong technology, so you can do something with it," Frank He, a technology analyst at BOC International Holdings in Hong Kong, told Bloomberg.
"The shares have gone down a lot and the company may become attractive to anyone looking for a turnaround play."
Palm has not yet commented on the reports.
See also: The 10 best Palm Pre and Palm Pixi apps