Items tagged with HP Grabs Palm
As recent as a week ago, Palm chairman and CEO Jon Rubinstein held firm that things weren't as bad as they seem, that Palm wasn't in dire need of a lifeline, and he and his company had a plan to return the struggling smartphone maker to profitability. It looks like we'll never know if that was true or not, as HP today announced it has entered into a definitive agreement to purchase Palm for about $1.2 billion. You snooze, you lose, Lenovo, HTC, and everyone else rumored to have been interested in Palm. The big draw for HP is Palm's webOS platform, which the OEM hopes will help it participate more... Read more...