Wednesday, October 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung's Nook Tablet Now Available With Large Screen
IBM and Microsoft to Collaborate on Hybrid Cloud Solutions
LG Conducts Field tests Of Futurecast TV Broadcast System
LG Display Reports Strong Third Quarter 2014 Results
Moto 360 Android Wear Updated
Canon Announces the Second-Generation EOS C100 Mark II Digital Video Camera
G.Skill Introduces The Phoenix Blade 480GB PCIe SSD
Microsoft Is Rolling Out First New Windows 10 Preview Build
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > Mobiles > HP to A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 29, 2010
HP to Acquire Palm for $1.2 Billion


Speculation on a possible Palm buyer has ranged from Lenovo to HTC to RIM and more. Finally, HP is buying Palm for a reported $1.2 billion.

The transaction has been approved by the HP and Palm boards of directors, HP said today.

The combination of HP's global scale and financial strength with Palm's webOS platform will enhance HP's ability to participate more aggressively in the fast-growing,smartphone and connected mobile device markets. Palm's 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."

"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."

Under the terms of the merger agreement, Palm stockholders will receive $5.70 in cash for each share of Palm common stock that they hold at the closing of the merger. The acquisition is subject to customary closing conditions, including the receipt of domestic and foreign regulatory approvals and the approval of Palm's stockholders. The transaction is expected to close during HP?s third fiscal quarter ending July 31, 2010.

Palm's current chairman and CEO, Jon Rubinstein, is expected to remain with the company.


Previous
Next
Microsoft Previews New Windows Live Messenger        All News        Nokia X2 Coming in June
Apple's Jobs Attacks Flash     Mobiles News      Nokia X2 Coming in June

Get RSS feed Easy Print E-Mail this Message

Related News
HP To Separate Into Two Public Companies
HP To Split Into Two Companies: WSJ
New Budget Stream Notebooks and Tablets Released By HP
HP Launches ARM-based Moonshot Servers
EMC In Merger Talks With Other Companies: reports
HP Unveils New Detachable PCs And Colorful Chromebooks
HP Recalls Millions Of Power Cords
HP Reports Revenue Gain
HP SlateBook 14 Android Laptop Released
HP Says Internet of Things Devices Are Vulnerable to Attack
HP Pavilion 10z Laptop Uses An AMD Mullins Processor
HP To Settle Lawsuits Over Deal For Autonomy Acquisition

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .