No take-over talks: Palm CEO

Palm CEO, Carl Yankowski, denied rumors the company has been approached by

one or more other firms about a possible take-over.

"No one has approached me and I have no comment consequently,"

Yankowski said at a financial analyst meeting. IBM and Apple have been mentioned

as potential take-over candidates. Palm, whose shares have fallen to just $5.25

per share is regarded as a strong candidate for a take-over as the company has

many key assets, including a dominant share of a market that is still regarded

to be in its infancy, strong brand recognition and excellent technology. But

Yankowski said no company has approached him about buying Palm, which he said

has plenty of cash to fund its operations. He did say the company hopes to

eventually separate its hardware and software-development businesses