Complex sentence: In October 2014, HP sold the Palm trademark to a shelf corporation tied to the Chinese electronics firm TCL Corporation: the company plans to revive the Palm brand on future, crowdsourced smartphones instead of Alcatel One Touch brand.
Split into simpler sentences: In October 2014, HP sold the Palm trademark to a shelf corporation tied to the Chinese electronics firm TCL Corporation. TCL plans to revive the Palm brand on future, crowdsourced smartphones instead of Alcatel One Touch brand.