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Honestly, I wonder if Palm would be more interested in an investment by Dell in their business rather than a purchase? It would be much like the investment that Microsoft made in Apple back in 1997 when Apple bought Next and brought in Steve Jobs as interim CEO. It could be very lucrative for Dell, if Palm's business explodes, and leaves Palm small and flexible to continue to try to innovate in that very specific wireless device market, and of course gives Palm some cash to get through the year and perhaps some added business with a Dell partnership.
Rubinstein came to Apple after the Next sale and probably remembers how helpful the Microsoft investment in Apple turned out to be, so may be more inclined to run his own operation lean without losing too much operational control.
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