HP Offloads Palm, iPaq, and Bitfone Patents to Qualcomm
Qualcomm didn't say how much it paid HP for the patent portfolio, which covers technologies that include fundamental mobile operating system techniques.
"The acquisition further enhances the strength and diversity of Qualcomm Incorporated's industry-leading mobile patent portfolio and will enable the company to offer even more value to current and future licensees," Qualcomm said.
HP paid $1.2 billion for Palm back in 2010. At the time, HP hoped to build a thriving tablet business around webOS, rights of which it gained by acquiring Palm. However, HP's TouchPad tablet flopped and these days HP builds slates that run Android and Windows. As for webOS, that was sold to LG last year.
It's not clear what Qualcomm will use its newly acquired patents for. Certainly it opens up all kinds of licensing opportunities, which the company could bundle with its Snapdragon SoCs.