Techno-News Blog

April 30, 2010

HP to Buy Struggling Palm as Ticket into Smartphone Market

Filed under: Uncategorized — admin @ 12:15 am

by Chris Preimesberger, eWeek

HP may be looking at enterprise uses first and foremost as it integrates Palm’s IP into its product lines. Smartphone maker Palm, which never could find a way to outflank Apple and its phenomenally-selling iPhone during the last nine years, has decided on a graceful exit by accepting a $1.2 billion buyout offer from Hewlett-Packard. Palm sold only 408,000 phones last quarter; in contrast, Apple sold 8.7 million iPhones during the same time window. On the other hand, HP, the world’s second-largest IT systems provider, now re-enters a business in which it has had limited visibility and success: connected telephones. But smartphones aren’t the only thing for which HP is investing so much “cash on hand” in Palm.

 http://www.eweek.com/c/a/Mobile-and-Wireless/HP-to-Buy-Struggling-Palm-as-Ticket-into-Smartphone-Market-887833/?kc=rss

Share on Facebook

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress