HP buys Palm to restore failed iPaq brand

By David Olsen · 29 April 2010 · Locked

HP Makes a Billion-Dollar Bet on Mobile

In a surprise move, HP has acquired Palm for $1.2 billion. What does this mean for the future of mobile technology?

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Summary

Hewlett-Packard, the world’s number one PC manufacturer, has announced the purchase of cashflow poor but IP rich mobile phone manufacturer Palm for US $1.2 billion.

Tags: Brian Humphries, Chris Hazelton, Hewlett Packard, HTC, iPaq, Palm