More tech deals in the news.

It's a busy time for dealmakers in the technology industry. Palm (the makers of so-called "smart phones") is selling a quarter of the company to Elevation Partners in a deal worth $325 million. Meanwhile, Cadence Design Systems is in talks with at least two buyout firms.

Among the firms Cadence is said to be talking to is the world-famous Kohlberg Kravis Roberts, and the Blackstone Group. Their market value is currently estimated at about $6.4 billion.

It's been reported that while Palm was in talks with some big-name private equity firms, none of them wanted to buy the entire company, as its outlook is so murky.

Signaling growing interest by private equity firms in the risky technology sector, Palm, the struggling Sunnyvale smart-phone maker, reached a deal Sunday to sell a quarter of the company to Elevation Partners for about $325 million as part of a plan to reorganize the company, according to people involved in the negotiations.

And Cadence Design Systems, a San Jose maker of the software used to design computer chips, is in talks with at least two buyout firms about a possible sale of the company, two people close to the matter said Sunday.

(Continue reading this story on San Jose Mercury News)

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