• Palm Sells Out to Hewlett Packard : Apple's Newest Competitor

    Alright folks, here's a little dish of non-iPhone related news, but nonetheless, a rather important piece of information for the mobile smartphone market.

    News has come in that Hewlett Packard, HP, has acquired Palm for $1.2 Billion today. The agreement is confirmed and definitive, approved by the HP and Palm boards of directors.

    It's an obvious move for any computer company, to move into the mobile smartphone market, as it's one of the fastest growing industries right now. Technology is accelerating at a ridiculous pace, and with all of the community involvement, with all the various models of smartphone devices, it continues to grow out of control as companies battle to be the number one device. Police raids, even being a player in all of this smartphone madness.

    Nonetheless, the news of HP buying out Palm, is actually quite exciting, as we now have a global scale computer manufacturer (besides Apple) jumping in on the exploding market. I am excited to see what HP will bring to the already existing Palm technology.

    “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.”
    “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. HP’s longstanding culture of innovation, scale and global operating resources make it the perfect partner to rapidly accelerate the growth of webOS,” said Jon Rubinstein, chairman and chief executive officer, Palm. “We look forward to working with HP to continue to deliver industry-leading mobile experiences to our customers and business partners.”
    Source: HP to Acquire Palm for $1.2 Billion | Business Wire
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