HP Buys Palm

[JoshGlzBrk]

...After a precipitous decline in Palm's business and several weeks of speculation, HP announced today that they're acquiring the beleaguered phone company for $1.2 billion. CEO Jon Rubinstein will remain with the company.

The announcement comes as a huge surprise, after rumors had linked everyone from HTC to Lenovo as possible suitors, and after Rubinstein insisted that they'd be fine on their own. For Palm, it's the lifeboat they've desperately needed ever since their stock price was targeted at zero earlier this year. For HP, it's an opportunity to become an instant major player in the smartphone category...

Source:

http://gizmodo.com/5526620/hp-buys-palm-how-it-changes-everything



I was expecting someone to buy them but not hp... Now I guess we can see Palm's smartphones get even cheaper plastics

 

[xUKHCx]

Already posted to the front page here