Can Palm turn itself around by raising more cash and tweaking its strategy? The only promise for Palm’s future is a buyout. And the only buyer that makes sense is BlackBerry maker Research In Motion.

Many attribute Palm’s failure to bad decisions. There was the WebOS operating system that was open to only a limited number of developers initially. There was the wrong choice of first carrier in Sprint. And there was the bad launch timing of the Palm Pre Plus with Verizon Wireless right after the launch of the Google-powered Droid as well as some manufacturing and design issues.

Whatever the reasons for its failure, it’s chances of catching up again without an acquisition are slim.

Read the full story on NY TImes

Droid · Google · Handhelds · Palm · PalmPre · Research in Motion · Sprint Nextel · Verizon Wireless

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