subject: HP Palm: Palm sold for 1.2 billion dollars! [print this page] news is confirmed and officialnews is confirmed and official. HP bought Palm to $5.70 per share and approximately $1,200,000,000, and the transaction will close on 31 st July, which is at the end of the third quarter of fiscal year and was approved by Palm by the management of HP and Palm. The current CEO of Palm, Jon Rubinstein, will continue to be part of a company, but not in the same capacity as before.
Critics say that the combination of the two companies will be the best partnership in history. You can imagine, HP, one of the leading developers of communication technologies in pairs with Palm, the leading creator of Web operating system in the world? Palm webOS created by HP offers an advantage in multi-tasking and other updated Web applications.
innovative Palm OS is the ideal platform to extend HPs strategy of mobility and create a unique experience of HPs multi-connected mobile devices?
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