HP finally got what they wanted today, as they dotted the ‘i’s and crossed the ‘t’s on the purchasing contracts to complete their
acquisition of Palm for $5.70 per share, which totalled out at $1.2 billion.
A press release states HP’s belief that they have now made “significant headway” into the smartphone business and see Palm’s WebOS , Pre and Pixi handhelds as key in their campaign to place themselves aggressively into the $100 billion mobile device markets.
“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.”
The Palm “branch” will remain responsible for webOS software development and hardware products, with more smartphones, new slate PCs and netbooks firmly on the menu.
WebOS has long been respected as one of – if not, the – best OS for the mobile platform, despite Palm’s severe financial problems. Now, with HP giving the company some much-needed breathing space and access to new technology, we should keep our eyes open for some seriously exciting developments in the future……….
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