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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."
The press release makes clear that HP intends to continue with webOS. In the press conference, they say they're intending to go forward with Android and Windows Phone gear as well.
Expect new webOS products (not just phones, but tablets as well).
Say what you will but HP is one of very few that actually fully support Linux. Not long ago I got one of their new multifunction inkjets and it works across the board with Linux (wireless printing, wireless scanning, everything) and I didn't need to do anything special to make it work. Good luck getting that anywhere else.
Their market cap is 125 billion dollars.
That makes the half the size of Apple, but five times Dell's size.
HP are still that big? I haven't seen one of their products in years.
300,000 full-time employees. Market cap $125 Billion. Indexed in the Dow Industrials. S&P 100, etc. In the U.S., second only to IBM in computer hardware sales. Does any of this ring a bell?
HPQ Competitors
%spoiler Market cap: 166.53B %spoiler
You must not spend any time in server rooms, then. Proliants are the lifeblood of many an SMB.
HP BOUGHT Palm. Shares of PALM are no longer traded on the NASDAQ as of market close today. If you were short, you owe a lot of money...
Seven puppies were harmed during the making of this post.
This is flat out incorrect
In January 2010 HP's revenue = 31.1 B
The breakdown by business unit is as follows:
Enterprise Business (Services/Storage/Servers): $13.9B
Personal Systems Group (Notebooks/Desktops/etc): $10B
Imaging and Printing: $6.2B
The printing segment composes less than 20% of HP's total revenue.
agilent is HP. Fool.
No, fool, Agilent is not HP. Agilent Technologies is a separate company that was spun off from HP in 1999.
This ain't rocket surgery.
Well, after Apple sold HP a load of iPods, they lowered the price so that HP was stuck selling at the old price, or the new price at a loss... that was a classic RDF execution....
Ask Me About... The 80's!
The small left shift key is standard on most international layouts. They just probably decided they would use the same physical layout for US keyboards as well, to save on money.
Just for reference sake, her name is Tamara Hope. She's actually quite pretty.