Thursday, April 29, 2010

HP Buys Palm

HP announced that it's acquiring Palm for the small price of $1.2 billion, which works out to $5.70 per share of Palm common stock. The deal is planned to close by July 31. Current Palm CEO Jon Rubinstein is "expected to remain with the company," though no mention of what duty's he would be doing at Palm. This can be intersting, now that HP has purchased Palm. This could be a sign for the new HP Compaq Airlife 100 to run Palm WebOS kit in it. This would give the Airlife 100 a good consumer product, and will be able to compete with Android, iPhone OS, and other mobile OS. Got to keep a eye on this and who knows there might already porting the Palm WebOS on the Airlife 100.

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