Office Professional Plus 2010 Key HP buys Palm

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HP. Whodathunk? Not sure what that means. Good for Palm, no doubt, but what does that say about HP’s self esteem? Do they think their hardware sucked so hard that acquiring Palm will do them good? Time will tell, I suppose.
Who'd have thought this once-powerhouse was acquired for less than what Google paid for a fledgling video site called YouTube.
I am relieved that workers there (hopefully all) get to keep their jobs.
Yes, jobs are critical these days. I hate seeing anyone lose their job.
They must feel that with their channel experience they can do a better job marketing the products.
I don't get it. They say they want the OS to expand their mobile strategy. Hasn't Palm failed to show that the OS is compelling enough even with a recognized smart phone name behind it? All the growth trends in smartphone usage data show iPhone OS and Android as rapidly becoming the only games in town. Why would HP want WebOS when they could have OEM'd great hardware from HTC and got rode the Android wave? And to pay way over the market value???
HP and Palm,Microsoft Office Professional 2010, Inc. (NASDAQ: PALM) today announced that they have entered into a definitive agreement under which HP will purchase Palm, a provider of smartphones powered by the Palm webOS mobile operating system, at a price of $5.70 per share of Palm common stock in cash or an enterprise value of approximately $1.2 billion. The transaction has been approved by the HP and Palm boards of directors.
I worked for a company (Emagic) that got bought by Apple. Product specialists (programmers, tech support, sales) got to keep their jobs. Most admin people (accounting, hr, warehouse) didn't. Of course,Microsoft Office Standard 2007, the product specialists in the U.S. office who wanted to keep their jobs had to move to Austin or Cupertino. (I chose not to move.)
I thought Palm was dead? Their OS will certainly help HP and they have been THE leader in handheld OS for so long. Glad to hear they are being bought out. However, this is a little concerning given that HP announced yesterday that they would be laying off something like 9000 people.
iPhone HP buys Palm
By Jim DalrympleApril 28, 2010, 1:21 pm PT
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HP and Palm announced on Wednesday that the companies have entered into a definitive agreement for HP to buy Palm.
HP will purchase the company for $1.2 billion or $5.70 per share. Palm stock is currently trading for $4.63 on the Nasdaq.
“Palm’s innovative operating system provides an ideal platform to expand HP’s mobility strategy and create a unique HP experience spanning multiple mobile connected devices,” said Todd Bradley, executive vice president, Personal Systems Group,Windows 7 Key, HP.
Palm CEO,Office 2010 Pro Plus, Jon Rubinstein,Office Professional Plus 2010 Key, is expected to remain with the company after the merger is complete.







Filed Under Palm Pre

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