HP's Acquisition of Palm a Done Deal

All the "I"s are dotted and the "T"s are crossed in Hewlett Packard's $1.2 billion acquisition of Palm, which was finalized on Thursday, HP announced. That means HP can officially begin putting into motion whatever plans it has for Palm's technology, and most notably the newly acquired webOS platform.

"With webOS, HP will deliver its customers a unique and compelling experience across smartphones and other mobility products," said Todd Bradley, executive vice president, Personal Systems Group, HP. "This allows us the opportunity to fully engage in growing our smartphone family offering and the footprint of webOS."

There has been plenty of speculation that webOS's footprint would include a tablet, especially when HP abruptly pulled the plug on its much anticipated (and much hyped) Windows 7-based Slate. Those hoping for a webOS-based tablet will apparently get their wish.

"Palm will be responsible for webOS software development and webOS based hardware products, from a robust smartphone roadmap to future slate PCs and netbooks," HP added.