HP acquires Palm, declares commitment to webOS
Surprise, surprise! Palm have been sold. It's not like we didn't see it coming but it just happened so quickly. Quite unexpectedly the highest bidder turned out to be HP. The quoted acquisition price stands at 1.2 billion US dollars.
There have been speculations on Palm's future for a long time now (involving names like HTC, Lenovo, etc.) but the mystery has just been solved. HP decided to acquire Palm's shares and paid 5.70 US dollars per share.
Now, they are good 1.2 billion US dollars behind and one still fresh and very promising OS ahead. The webOS (which we tried on the Palm Pre) still has plenty of unrevealed potential and HP have understandably declared their commitment to it.
Jon Rubinstein, the man who brought Palm back to life (then back to the counter and finally sold them), started his career at HP. He is still the CEO of Palm and is said to remain part of the company even after the acquisition.
And this is the letter to his team, the Palm employees, in which he shares with them the news and his excitement about it.
Reader comments
- vmakre
- 0UTb
i think this will be more blackberry concurrent for business than nokia but HP have chance for developing server client integrations of pda's because of involvements in computer business where blackberry and others are weak
- Versed
- 4wSV
I think this is great, for both Palm and HP. But I will tell you this, it isn't going to kill the iPhone or Nokia off, what it will do is provide for more choice. WebOS is a great mobile and most likely Slate OS.
- Camry
- K1C{
This could mean the return of the great iPAQ... =D I loved those back in its haydays. This could bring them back to life with webOS!
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