Another day another merger rumor The oncemighty handset developer Palm Inc announced an increase of its public offering of common stock to 20000000 shares 1625share This news has spurred rumors of a possible bid on Palm by the Finnish mobile powerhouse NokiaJames Faucette an industry analyst at Pacific Crest Securities thinks the idea of a merger makes a lot of sense He explained to is worth 17 a share on its own and 25 to 30 to Nokia based on what they are spending to replicate Palm said Faucette He rates Palm stock and doesnt own shares Such an acquisition would make a lot of sense he saidAs for the increased offering Palm is looking to cash in expecting to receive net proceeds of 3131 million Palm expects to use the proceeds for working capital and general corporate purposes Neither Palm nor Nokia would comment about the rumor To be honest this one seems a bit bonkers to us butView Unwired dobrze seevia