Quite sometime back, Nokia was undoubtedly the leader in the mobile handset market but quite a few things went wrong for them. Including the popularity of rival iPhone.

When the iPhone launched, Nokia went from being an innovator to a follower. The did come up with Nokia 5300 xPressMusic and later on Nokia N97. That by several standards is pretty good but not as good as the iPhone (when it comes to the touch screen).

Palm has been having lots of problems recently and has lost quite a lot of money even after they came up with Palm Pre. A potential deal with Verizon may set things straight but not actually fill their coffers to the brim.

According to FoneArena there are potential rumors that Nokia might bid to take over Palm and add it to their own company.

This news sent Palm stocks up 1.12$ to 17.07 after a particularly gloomy week. It will be interesting to see where this deal ends up. Nokia has been the biggest player in the international market but still has to create a considerable footprint in the Northern American market.

This has definitely affected the way they are coming out with products and surprises to overcome the NAM market. Where do things go from here? Right now we cannot speculate on rumors but, yes we will keep you posted on how things pan out eventually.

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