HP buys Palm

29 April 2010

HP has just announced that it's acquiring Palm to the tune of $1.2 billion, which works out to $5.70 per share of Palm common stock. The deal is planned to close by July 31, which marks the end of HP's third fiscal quarter of the year. Current Palm CEO Jon Rubinstein is "expected to remain with the company,"

A very smart move for HP; they can’t be happy being shackled to Microsoft for operating systems and WebOS is a great OS in the making.

Interesting also that this comes the day that the Apple WWDC is announced, which for the first time has abandoned having a Mac app design award, instead focusing on iPhone and iPad awards instead. Mobile OSs are the future – both Apple and HP know it.

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From: Links

29 April 2010