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HP to Acquire Palm in $1.2 Billion Deal
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HP to buy Palm for $1.2 Billion
Price is for $5.70 a share... compared to current $4.63 share... thats $1.07 share extra.
http://www.cnbc.com/id/36832774
Price is for $5.70 a share... compared to current $4.63 share... thats $1.07 share extra.
http://www.cnbc.com/id/36832774
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That came out of nowhere...
I'm not excited at all though. It's been years since I've seen a good HP product... That goes for Palm too. The Pre is the only thing close for either of them.
I'm not excited at all though. It's been years since I've seen a good HP product... That goes for Palm too. The Pre is the only thing close for either of them.
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I've got to try a WebOS device. Hopefully this will turn out to be good for them.
I've got to try a WebOS device. Hopefully this will turn out to be good for them.
How wonder how much (or little) of the talent that made WebOS will stay. They built something pretty cool with a tiny team away from most of the corporate rubbish. HP are corporate rubbish incarnate these days. I suspect a lot of the kick-ass programmers will leg it.
I couldn't have said it better. Will love to see webOS on some faster, future devices with HP's backing.
Yep,
This sucks IMO. HP is weak at best on their computer equipment; (and I don't care to hear how much they sell). They are a Printing company- their old stuff is great!!! 5si, 8MP, etc.. Solid as a rock, I have 3 of them. Their home printers, garbage- and don't get me started on the INK scam. Had one once that made me run to Target to replace a cyan that was "Expired" tossed it in the trash the next day. Bought a Samsung Laser WIFI.
Back to Point,
I was really hoping Sony would pick them up, and dazzle us with some Kick ass products dumping symbian; so much for that. Always thought Sony made some sexy products, and with the OS of Palm that would be a sweet wedding.
Oh well, HP will destroy this.
This sucks IMO. HP is weak at best on their computer equipment; (and I don't care to hear how much they sell). They are a Printing company- their old stuff is great!!! 5si, 8MP, etc.. Solid as a rock, I have 3 of them. Their home printers, garbage- and don't get me started on the INK scam. Had one once that made me run to Target to replace a cyan that was "Expired" tossed it in the trash the next day. Bought a Samsung Laser WIFI.
Back to Point,
I was really hoping Sony would pick them up, and dazzle us with some Kick ass products dumping symbian; so much for that. Always thought Sony made some sexy products, and with the OS of Palm that would be a sweet wedding.
Oh well, HP will destroy this.
HP to Acquire Palm in $1.2 Billion Deal
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HP today announced that it will acquire Palm in a deal valued at $1.2 billion. The deal brings Palm, struggling to reinvent itself as a smartphone company after being a major player in the PDA market, into the fold with HP, a traditional computer company that has yet to make a signficant foray into the smartphone market.
News that Palm was looking to place itself up for sale surfaced earlier this month as the company's stock dropped on poor earnings results and analyst price target cuts to as low as zero.
Palm recruited a number of Apple executives and engineers in an attempt to reinvent itself under its new webOS operating system. After the launch of the Palm Pre in January 2009, Apple Chief Operating Officer Tim Cook directed veiled threats at Palm regarding Apple's multi-touch intellectual property. The two companies further engaged in a cat-and-mouse game over the Pre's ability to sync media directly with iTunes.
Article Link: HP to Acquire Palm in $1.2 Billion Deal
HP today announced that it will acquire Palm in a deal valued at $1.2 billion. The deal brings Palm, struggling to reinvent itself as a smartphone company after being a major player in the PDA market, into the fold with HP, a traditional computer company that has yet to make a signficant foray into the smartphone market.
The press release notes that Palm's chairman and CEO Jon Rubinstein, who previously served as a key Apple executive and is credited as being one of the primary minds behind the iPod, is expected to remain with the company.
News that Palm was looking to place itself up for sale surfaced earlier this month as the company's stock dropped on poor earnings results and analyst price target cuts to as low as zero.
Palm recruited a number of Apple executives and engineers in an attempt to reinvent itself under its new webOS operating system. After the launch of the Palm Pre in January 2009, Apple Chief Operating Officer Tim Cook directed veiled threats at Palm regarding Apple's multi-touch intellectual property. The two companies further engaged in a cat-and-mouse game over the Pre's ability to sync media directly with iTunes.
Article Link: HP to Acquire Palm in $1.2 Billion Deal
HP has always been my favorite PC maker - amazing customer service. Hoping HP does something amazing with webOS.
webOS to the ground? Possible, but I don't think, a $1.2Billion deal would warrant such reckless.
