Print 37 comment(s) - last by eddieroolz.. on Apr 29 at 6:00 PM

Palm Pre
Palm finds a buyer

It's been a rough year for Palm. The company has been hit with staggering losses, it hasn't been able to move inventory, and executives have been bailing left and right. However, there appears to be light at the end of the tunnel.

HP just announced today that it plans to acquire Palm for $1.2 billion USD. Most in the tech community were practically begging for HTC to snap up the struggling smartphone maker, but in the end, it was HP that prevailed.

Palm shareholders stand to get $5.70 per share in the deal, which is a pretty nice premium considering that the stock closed at $4.65 on Tuesday.

"We're thrilled by HP's vote of confidence in Palm's technological leadership, which delivered Palm webOS and iconic products such as the Palm Pre. HP's longstanding culture of innovation, scale and global operating resources make it the perfect partner to rapidly accelerate the growth of webOS," said Palm Chairman and CEO Jon Rubinstein. "We look forward to working with HP to continue to deliver industry-leading mobile experiences to our customers and business partners."

"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," continued Todd Bradley, executive vice president of HP's Personal Systems Group. "And, Palm possesses significant IP assets and has a highly skilled team. The smartphone market is large, profitable and rapidly growing, and companies that can provide an integrated device and experience command a higher share. Advances in mobility are offering significant opportunities, and HP intends to be a leader in this market."

For those that were wondering, Palm CEO Jon Rubinstein will be sticking around after the acquisition.

With Dell seemingly prepared for World War III with a slew of new Android and Windows Phone 7 phones on the way, it should be interesting to see what archrival HP will do with Palm's technology in the coming months and years.

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By Anoxanmore on 4/28/2010 4:39:34 PM , Rating: 3
I liked Palm too...

Where are my Palm girls? :P

RE: Brandon...
By Lonyo on 4/28/2010 4:54:56 PM , Rating: 2
Reason #1 why they failed: No Palm girls.

RE: Brandon...
By amanojaku on 4/28/2010 5:05:04 PM , Rating: 5
No, there is a Palm girl. She's that freaky ghost chic. No big loss there.

RE: Brandon...
By Anoxanmore on 4/28/2010 5:34:03 PM , Rating: 2
Wrong, that Palm girl now showing is awesome.

I <3 Brandon. :)

RE: Brandon...
By alanore on 4/28/2010 7:23:03 PM , Rating: 2
But they have been bought by HP, which means we need HP girl as well...

RE: Brandon...
By Brandon Hill on 4/28/2010 7:30:20 PM , Rating: 2
Done ;-)

RE: Brandon...
By Anoxanmore on 4/29/2010 9:31:14 AM , Rating: 2
Oh Brandon... the HP girl is perfect. :)

RE: Brandon...
By Etern205 on 4/28/2010 7:46:03 PM , Rating: 2
That's why on her phone (pictured on the site) has a "Ev" (evil) on it and that number is a fake since 555 does not exist. :P

RE: Brandon...
By Devo2007 on 4/28/2010 8:58:17 PM , Rating: 2
Pick an area code and change the phone number to 867-5309. Then you're all set. :)

RE: Brandon...
By Devo2007 on 4/28/2010 8:59:05 PM , Rating: 2
Darnit, no edit button.

(408) 867-5309

RE: Brandon...
By AstroCreep on 4/28/2010 7:50:43 PM , Rating: 3
RE: Brandon...
By themaster08 on 4/29/2010 4:41:02 PM , Rating: 2
Gotta agree. I would too!

RE: Brandon...
By chagrinnin on 4/28/2010 6:40:16 PM , Rating: 2
You mean "Rosie Palm and her five sisters"? :P

Palm is history
By Gungel on 4/28/2010 5:05:09 PM , Rating: 4
The only reason HP paid $1.2 billion for Palm is its IP portfolio. It will go the way of the Dodo bird like Voodoo PC, 3COM, Compaq and others that had been gobbled up by HP.

RE: Palm is history
By ZachDontScare on 4/28/2010 5:14:15 PM , Rating: 3
I think among its IP is the old BeOS, too.

RE: Palm is history
By fezzik1620 on 4/28/2010 5:32:06 PM , Rating: 2
... and the DEC Alpha and VMS, a popular mainframe/minicomputer platform and OS.

RE: Palm is history
By retrospooty on 4/28/2010 6:27:55 PM , Rating: 5
"The only reason HP paid $1.2 billion for Palm is its IP portfolio. It will go the way of the Dodo bird like Voodoo PC, 3COM, Compaq and others that had been gobbled up by HP. "

as long as web OS lives on I will be happy. Its pretty damn awesome. I REALLY wish Lenovo or HTC bought them though. =(

RE: Palm is history
By alanore on 4/28/2010 7:34:14 PM , Rating: 3
Here is a little insight from Raul Sood (He was orginally from VoodooPC now HP)

Doesn't reveal much but it looks like HP are wanting a slice of Apple and Googles Phone + ecosystem.

Your right that HP tends to Dodo companies it buys. But like VoodooPC it tends to merge their DNA with its own (HP Blackbird and Envy) Although is having HP DNA a good thing?

RE: Palm is history
By boobot on 4/29/2010 10:53:38 AM , Rating: 2
This is exactly what they do which is not a bad thing. Excpect the WebOS to become a heavy hitter soon. Slate is one product I can think of coming soon.

RE: Palm is history
By ET on 4/29/2010 12:51:52 AM , Rating: 2
Agreed. I really would have preferred someone else to buy Palm. I will try to stay optimistic and think that Palm's platform will survive.

By dani31 on 4/28/2010 5:19:57 PM , Rating: 2
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,"

I can't stop thinking of my company EliteBook which came totally suffocated by HP bloatware, or my multifunction printer that needed a full disk of software just to scan a damn page.

Consequently I don't see this "unique HP experience spanning multiple mobile connected devices" contributing to the development of a streamlined, user oriented WebOS.

But I do hope.

RE: Hmmmmm...
By notposting on 4/28/2010 6:00:09 PM , Rating: 2
Their software is abominable. Picked up an awesome piece of hardware (Officejet 6310) for under $30 thanks to the Hot Deals forum here.

However the software is pure trash, whether under XP, Vista, or Windows 7. I think the only thing of HP's software wise I've heard any appreciation for is some of their custom stuff for WHS.

RE: Hmmmmm...
By InternetGeek on 4/28/2010 6:50:04 PM , Rating: 3
I've owned a lot of HP devices and I agree with you. Which is why, since 2004 I decide to never use the HP software anymore. I simply plug the device (usually a multifunction) and let windows work it out. It's been a flawless experience since then.

However, truth be told, I've noticed that HP laptops seem to have the best software support in Windows. What I mean is that when I reinstall the laptop, the next step is run Windows Update and all drivers and issues are worked out then. Very nice experience. Also, it seems HP is using very good parts for their PCs.

RE: Hmmmmm...
By Omega215D on 4/28/2010 11:41:46 PM , Rating: 2
In order to get these low PC price points they have to throw in trial-ware and their drivers weren't bad by any means. At least that's how I felt.

I still have an old HP Pavilion bought back in 2000 still working like a champ today. I boot it up once in a while as a nostalgia machine (Win 98 SE). Soon it'll probably be loaded with different flavors of Linux.

As long as webOS remains
By tviceman on 4/28/2010 5:47:07 PM , Rating: 4
HP has the money and marketing to get webOS better penetration - which I think is great news for mobile devices and competition to apple.

RE: As long as webOS remains
By Omega215D on 4/28/2010 11:34:13 PM , Rating: 2
Agreed. I can't go a day without seeing an HP commercial which are actually done quite well.

Oh well
By DeathBooger on 4/29/10, Rating: 0
RE: Oh well
By inperfectdarkness on 4/29/2010 8:49:43 AM , Rating: 5
if you're selling your palm to buy an iphone (and not an HTC)....i have to ask,

who is the bigger idiot?

RE: Oh well
By DeathBooger on 4/29/10, Rating: 0
HP money?
By chagrinnin on 4/28/2010 6:33:46 PM , Rating: 2
HP just announced today that it plans to acquire Palm for $1.2 billion HP .

My guess is $1.2 billion HP isn't worth the paper and ink it was printed on. I should know,...I have an HP printer.

Que commercial narrator:
Black ink cartridge - $36.00
Color ink cartridge - $42.00
Ream of paper - $4.59
Spending that same money on a new printer - NoBrainer.

RE: HP money?
By Omega215D on 4/28/2010 11:38:04 PM , Rating: 2
Canon is no better with Lexmark being the worst. I hated the high ink costs of the Lexmark which was amplified by the fact that it tends to drink ink faster than the Canon I have. I have an HP laserjet so I wouldn't know about its ink habits.

Good Deal
By Ard on 4/28/2010 6:20:36 PM , Rating: 2
As a current stockholder, I have to say I'm happy about the deal. As an enthusiast, though, I'd also have to say I'm happy. I think WebOS really got the showing it deserved and I'm hoping HP puts it to very good use.

About time!
By Carolina Ovi on 4/28/2010 6:24:08 PM , Rating: 2
I hope once it changes DreamWalk has already developed the app for the Palm, so i can finally use it, all my friends go in this crazy treasure hunts collecting all kinds of goodies, I'm the only one who can't really participate, so common Change the Palm! if you like to see what I'm talking about here is a link

By sapiens74 on 4/28/2010 6:26:46 PM , Rating: 2
Looking forward to what HP can offer,

of all the PC makers they have the best engineers....

and better CS then Dell

By eddieroolz on 4/29/2010 6:00:02 PM , Rating: 2
I had the opportunity to try out a mock Palm Pre at Futureshop yesterday. After using the QWERTY keyboards on HTC Touch Pro II, Motorola Milestone and various other Samsungs, I was sorely disappointed by the keyboard on the Pre. I was so disappointed that I told my friend that "this is how NOT to make a QWERTY keyboard".

The keys are too tiny, too close and too brittle.

In my opinion Palm should start making side-slide QWERTY keyboard rather than the current style used in Pre. It would be much, much better.

Are Palms SIM Enabled?
By Jameichat on 4/28/10, Rating: -1
RE: Are Palms SIM Enabled?
By daInvincibleGama on 4/28/2010 7:22:28 PM , Rating: 3
Go Astroturf and spam somewhere else. this is just annoying.

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