A report on Monday suggests Palm may be seeking someone to buy the company. The company is reportedly working with Goldman Sachs and Qatalyst Partners to handle the search for a buyer, which may include HTC and Lenovo.

Palm, which helped pioneer the market for personal digital assistants, would offer suitors the WebOS software that competes against mobile operating systems from iPhone maker Apple Inc. and Google Inc. For Elevation Partners LP, the firm that owns about 30 percent of Palm, a sale may end the volatility associated with a stock that surged more than 10-fold since December 2008 before erasing most of the gain.

Palm Said to Tap Goldman, Quattrone to Find Buyers [Bloomberg]