Deal Real Big
NY TIMES: Hewlett Packard to buy Palm for $1.2 billion
Wow. I hope HP brings the smartphone pioneer back to fucking life.
Hewlett-Packard said Wednesday that it would acquire Palm, the struggling cellphone maker, in a deal valuing the company at $1.2 billion.
Palm had been exploring a sale as it has continued to struggle in the marketplace. While the company has won acclaim for webOS, its new smartphone operating system, its new products like the Pre and the Pixi have failed to draw customers away from rivals like Apple and Research in Motion.
Now computer makers like H-P and Dell are seeking to make bigger inroads into the smartphone market. H-P said in its press release that it plans to use webOS to bolster its future offerings in the space.
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realbig reblogged this from inothernews and added:
NY TIMES: Hewlett Packard...buy Palm for $1.2 billion
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