As Palm continues to struggle financially, a buyer has yet to emerge out of the thinning list of buyers, but on Friday, rumors began to circulate that Hong Kong based PC maker Lenovo may be considering making an offer.

The Reuters report on Friday of the potential offer gave Palm’s stock a nice 5% boost (although shares had risen as much as 7% before retreating).

It had been rumored that Taiwan’s HTC was a favorite to take over the struggling company because of the patents that Palm holds that could possibly help HTC in its legal dispute with Apple. As of Friday, however, Reuters reported that HTC was no longer interested.