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HP To Buy Palm For $1.2 Billion
necro81 writes "Palm, Inc., which has struggled in recent months after making a splash with its Pre smartphone, will be bought by HP, the world's largest computer maker. The deal has been approved by both companies' boards, and should be wrapped up this summer. HP will get Palm for about $5.70/share (about 20% above today's closing price), or about $1.2 billion. That's a pretty good deal, considering that in the months following the launch of the Pre on Sprint's network, Palm's share price topped $16. But marketing blunders hindered the Pre's more widespread adoption on other carriers, and the company's very existence has recently seemed in doubt."
From a geek's / nerd's point of view, the price is too high. Palms are worth near to nothing to geeks.
Religous speak to God. Insane are spoken to by God. When all shut up, one can finally hear Shostakovich in peace
Seems to me that the Pre made more of a splash by requiring people to give up their SSN to buy it, than it did in the market. Am I off base here? I don't really remember seeing anything in the news about what a smashing success the Pre was, but I suppose I may have just forgotten...
The Palm Pre, Pixi, and Pre Plus hardware is well known for being cheap. I can't see how it would get any worse. The software is nice but the hardware kills it for me.