Hewlett Packard Completed The Acquisition of Palm

HP Acquisition of PalmHewlett Packard announced the completion of its Palm acquisition at the price of $5.70 per a share of the common stock in cash of Palm.

This gives Hewlett Packard headway into one of the fastest growing segments of technology with the innovative Palm webOS and lineup of smartphones. It also gives HP a rich portfolio of intellectual property from the pioneer of smartphones.

The acquisition enhances the ability of Hewlett Packard to participate in the $100 billion smartphone and connected mobile device markets more aggressively.

Executive Vice President of Personal System Group at Hewlett Packard, Todd Bradley, said that with webOS, HP will deliver its customers a unique and compelling experience across smartphones and other mobility products. He also stated that this allows them the opportunity to fully engage in growing their smartphone family offering and the footprint of webOS.

The Palm global business unit will be under the former Palm chairman, Jon Rubinstein, reporting to Bradley. Palm will be also responsible for the webOS software development and hardware products that are based on it.

Former Palm chairman, Jon Rubinstein, said that with HP’s full backing and global strengths, he is confident that webOS will be able to reach its full potential. He also said that this agreement will accelerate the development of this incredible platform with new resources, scale and support from a world-respected brand.

Related posts

Sony Professional launches new DVCAM camcorder

Sony Professional today unveiled its brand-new DVCAM Camcorder, the DSR-PD175P, offering the latest in Sony imaging technology specifically applied for Standard Definition productions. The new camcorder builds upon its market acclaimed predecessor, the DSR-PD170P, by providing a broad range of...

Corsair launches Accelerator SSDs

Corsair, a company known for its memory products, has added a new product series to its product list in the form of the new Accelerator series SSDs. First seen during CES 2012 they are now available for purchase. Just like the name suggests the new SSDs are to be used for caching...

Razer debuts Deathstalker Ultimate keyboard – the smartest in the world

US gaming gear company Razer has excited its fans with the introduction of the Razer Deathstalker Ultimate – a new generation of gaming keyboards that packs some really impressive specs and functions in one single keyboard. The first thing that you will notice in the...

Leave a comment