It is Monday morning and the markets are live with rumors from the weekend. The one that has jumped out first is a rumor that Palm may be buying back PalmSource.

Palm spun off PalmSource in 2003 to allow the companies to separate sales requirements, product marketing and strategy for the Palm OS and device hardware. Since then, Microsoft and Symbian have largely taken over the mobile device market. The Palm Trio has been Palm’s saving grace, but even recent comments by Palm’s CEO about being open to a non-Palm OS on a new version of the Trio raised more than a few eyes.

One could make a case either for or against a recombination of the two Palm companies, but this will be an interesting story to follow.