On Friday, rumors that Nokia is eyeing Palm for a possible takeover chimed in a good news for the latter - an 8% recorded rise in its per share trading price. Although no comments have been shared by any of the parties, the takeover rumors seem to have come back stronger than ever.

"Palm shares jumped and its call volume surged to 9 times their normal level as more than 80,000 call contracts traded by midday on renewed takeover speculation", said Frederic Ruffy, option strategist at WhatsTrading.com.

For many months now, rumors that Palm might soon be up for acquisition have been going around and getting fueled even more as more and more signs of the possibility come forward. Every time such a thing happens, Palm surges, only to deflate again. Since September, the rate of Palm shares has gone down by 30%. But Friday they rose again, once more because of a takeover rumor.

After recording an 8.1% high, Palm shares on Friday traded at a new high cost of $12.38 on Nasdaq.

Although many believe that a Palm takeover is just around the corner, and tech giants like Dell and Microsoft will be among potential suitors, experts believe that this is a difficult deal, which no company would want to touch. The deal would as it is cost around $2 Billion, and the acquirer would have to put in more than that into marketing and distribution.