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HP Acquiring Palm

Douglas Carter
0

I mentioned a while ago that Palm was looking for buyers shortly after their announcement that Palm's WebOS was doing well. Now it seems they found HP ready and willing to make the acquisition of Palm (fairly quickly I might add.) We learned not too long ago that HTC, Lenovo and Dell looked to buy Palm, but decided against it.

Not too long ago Palm was letting people know that they had a plan to regain Palm's strength in the smartphone sector. Maybe HP has what it takes to turn Palm around. Time will tell.

Take a second to read this excerpt from HP's press release on the acquisition and the future of their relationship with Palm posted on PreCentral:

The combination of HP’s global scale and financial strength with Palm’s unparalleled webOS platform will enhance HP’s ability to participate more aggressively in the fast-growing, highly profitable smartphone and connected mobile device markets. Palm’s unique webOS will allow HP to take advantage of features such as true multitasking and always up-to-date information sharing across applications.

“Palm’s innovative operating system provides an ideal platform to expand HP’s mobility strategy and create a unique HP experience spanning multiple mobile connected devices,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “And, Palm possesses significant IP assets and has a highly skilled team. The smartphone market is large, profitable and rapidly growing, and companies that can provide an integrated device and experience command a higher share. Advances in mobility are offering significant opportunities, and HP intends to be a leader in this market.”

Other Sources: HP, PreCentral

Image from PreCentral

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