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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."

24 of 271 comments (clear)

  1. WebOS on Itanium? by xanthos · · Score: 5, Funny

    Finally a decent OS to run on the SuperDomes!

    --
    Average Intelligence is a Scary Thing
  2. HP Reverse Telephone Notation by Lev13than · · Score: 5, Funny

    Great - does this mean we'll have to make all our calls using RPN?
    1234 555 212 1+ DIAL
    I know it's supposed to be more logical, but it just seems so confusing...

    --
    When you have nothing left to burn you must set yourself on fire
    1. Re:HP Reverse Telephone Notation by Mikkeles · · Score: 5, Funny

      I'm holding out for mobileVMS!

      --
      Great minds think alike; fools seldom differ.
    2. Re:HP Reverse Telephone Notation by MichaelSmith · · Score: 2, Funny

      My alphaserver 3000 is mobile. I have a one tonne Toyota van.

  3. Re:Overvalued by CondeZer0 · · Score: 3, Funny

    You got it wrong, his (right) palm is a nerd's best friend!

    --
    "When in doubt, use brute force." Ken Thompson
  4. Marketing blunders... by plover · · Score: 3, Funny

    By "marketing blunders", do they mean Palm's "The Most Pale Woman in the World" campaign? Because I've gotta say, she really didn't sell me on a Palm, or anything else.

    She looked more like an extra from the Lord of the Rings (generic elf maiden #38) than a spokesmodel for a technical product.

    --
    John
    1. Re:Marketing blunders... by rxan · · Score: 2, Funny

      She looked more like an extra from the Lord of the Rings (generic elf maiden #38) than a spokesmodel for a technical product.

      I thought I recognized her.

  5. Re:HP still around? by CorporateSuit · · Score: 5, Funny

    It's my fault. I had to replace a few ink cartridges in my printer. That, alone, probably paid for Palm.

    --
    I am the richest astronaut ever to win the superbowl.
  6. In other news... by srussia · · Score: 1, Funny

    A1 to Buy Canola for $1.4 billion

    --
    Set your phasers on "funky"!
  7. More ink by Anonymous Coward · · Score: 1, Funny

    Wonder how they will sell more ink to Palm customers?

  8. Re:Massive overpayment by abigor · · Score: 4, Funny

    But who would want to, when they are covered with hair?

  9. Re:Does that include... by somersault · · Score: 4, Funny

    She might be a bit creepy, but I certainly wouldn't refuse her Palm.

    --
    which is totally what she said
  10. So one more rollback of carly's program... by Anonymous Coward · · Score: 1, Funny

    I guess the next version of the pre will be called the jornada palm :-)

  11. HP's new mobile social networking site: by Anonymous Coward · · Score: 5, Funny

    Facepalm

  12. HP's New Girlfriend by Anne_Nonymous · · Score: 2, Funny

    Now that Carly Fiorina isn't around to fuck HP any longer, it's now girlfriend is it's Palm.

  13. New name by adenied · · Score: 3, Funny

    Perhaps their new name should be HPalm3Compaq.

  14. Re:Doomed by athakur999 · · Score: 4, Funny

    On the plus side, it means they'll sell the new Palm phones for practically nothing!

    However, replacement batteries will cost $100. Also, they can't be recharged and the one that comes with the phone will only last you about 10 minutes.

    --
    "People that quote themselves in their signatures bother me" - athakur999
  15. Re:My take? Fraud.... by h4rr4r · · Score: 2, Funny

    You want an apartment in a hot miserable place?

  16. Re:Overvalued by Anonymous Coward · · Score: 5, Funny

    Hey, I'm left handed you insensitive clod!

  17. Re:Doomed by aliquis · · Score: 2, Funny

    That is a problem everywhere, I feel the same about girls born 1979, Amiga, Ericsson, ..

  18. Re:Doomed by aliquis · · Score: 2, Funny

    .. right, they also make printer accessories.

  19. Because HP is so good at selling handhelds... by Shag · · Score: 5, Funny

    Does my memory fail me, or is HP the company that couldn't even do a decent job of selling iPods, the handheld-electronics equivalent of crack-covered pancakes?

    --
    Village idiot in some extremely smart villages.
  20. Re:Confusing by tgd · · Score: 2, Funny

    Fuck off, they didn't start anything.

    You might want to ask your doc to up your meds ...

  21. Re:Doomed by Sulphur · · Score: 2, Funny

    Market Segmentation Fault ... Return Without Gosub