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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."
Finally a decent OS to run on the SuperDomes!
Average Intelligence is a Scary Thing
Great - does this mean we'll have to make all our calls using RPN?
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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
Smart move if HP is thinking about getting back into the phone business. They probably threw the idea around and came to the conclusion that they'd be another also-ran if they just pushed Android/WP7 sets (Especially since thats the move Dell is making)
As a Pre owner I would be glad to see WebOS on some adequate hardware, and in a tablet form as well.
I wondered why at first, but then figured out that HP can let Palm and its products die completely, while making money with the patents alone.
It's amazing the effect that one creepy girl can have on a share price.
Seriously. That last one is the worst. Using a phone is like the transmigration of souls?
Boo. In fairness, it's not the girl's fault at all.
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.
Since HP already own 3COM, who spun off Palm in 2000 (with a first day valuation of something like 30 times what they are paying for it today), one could almost say that Palm is being bought back after 10 (not so happy) years as an independent company.
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But who would want to, when they are covered with hair?
Why?
WebOS has a better UI than Android does. And yes I am an Android user my wife has a Pre. WebOS is a good OS that had a STUPID SDK for a long time. They have fixed that and will soon offer access to the camera and mic which should help even more.
See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
Their market cap is 125 billion dollars.
That makes the half the size of Apple, but five times Dell's size.
She might be a bit creepy, but I certainly wouldn't refuse her Palm.
which is totally what she said
I was worried Palm was just going to fade away.
Yup, now it's going to enjoy the same level of long term success as the Alpha, OpenVMS, Tru64...
I am TheRaven on Soylent News
Facepalm
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
Hey, I'm left handed you insensitive clod!
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.
Imagine if they launched their campaign with this commercial instead. Palm's life would be SOOOO different.
Twelve-and-three-quarter inches. Unyielding. This wand belonged to Bellatrix Lestrange.