Palm reports drop in profits, but still strong

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Palm announced this week its third-quarter financials, reporting a surge in Treo smartphone sales and revenues compared to the same period last year. Profits were down however, from $19.8 million to $16.5 million this year. Despite of this JP Morgan has called Palm's financial results "quite solid."

Perhaps the real news behind the news is that Palm officials did not mention anything regarding persistent rumors of a take over by a larger company. Nokia and Motorola have both been mentioned several times of being interested in Palm. Other names that have raised include Dell and Hewlett Packard.

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