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HP Purchasing Palm

Category: Manufacturers
Posted: 02:17PM

Palm, once one of the biggest players in the mobile industry, is ending its run. Hewlett-Packard announced that it will purchase Palm for $1.2 billion, a 23% premium over its closing price. This acquisition places HP back into the smartphone market, where its iPaq hasn't been able to compete with more popular phones. Along with its product line, HP also gains several patents ranging across software and hardware. Palm hoped to get back on top with its Pre and Pixi phones, but couldn't stand up to the iPhone, Blackberry, and vast number of Android phones.

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Zertz on April 28, 2010 03:31PM
Cool, at least someone picked them up. HTC's amazing hardware would've been awesome with webOS though!
bp9801 on April 28, 2010 05:07PM
Its about time Palm got sold off. As much as Rubinstein denied it, I knew it was coming.

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