HP acquires ailing handset maker Palm for $1.2B

HP acquires ailing handset maker Palm for $1.2B
Dell, Lenovo and HTC are amongst the company rumored to bids for ailing Palm; apparently today Hewlett-Packard announced that it has acquired Palm for 1.2 billion ending the week-trip of speculations.

For Palm it’s another day, without questions on how it stocks has gone from nothing to goldmines from this acquisition. The positive vibes are foreseen with CEO Jon Rubinstein saying in a statement that “HP’s longstanding culture of innovation, scale and global operating resources make it the perfect partner to rapidly accelerate the growth of webOS.”
Accordingly, this brings HP backs on the road of smartphones, where its iPAQ has survived. Though the legacy of Palm stays on late 90’s, where there’s minor Apple, RIM or Google appeal in the smartphone market —- the possibilities of relieving the moment “re-invent”.
Looks great –the new moniker for Palm Pre above, how do you feel about that?

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