Archive | April 28, 2010

HP buys Palm for $1.2 billion

HP just announced that they will buy Palm for $1.2 billion. This is certainly a very big news, and a move that may alter the smart phone market in an important way.

“We’re thrilled by HP’s vote of confidence in Palm’s technological leadership, which delivered Palm WebOS and iconic products such as the Palm Pre,” said Jon Rubinstein, Palm CEO. “HP’s longstanding culture of innovation, scale and global operating resources make it the perfect partner to rapidly accelerate the growth of WebOS.”