Palm takes its last breath alone as HP swoops in & buys them
posted by John V. / Apr 28, 2010, 4:39 PM
After being courted by companies like Lenovo, HTC, and even Huawei, there was no denying that Palm was spiraling downwards faster despite the fact that Palm CEO Jon Rubinstein insisted that the company could survive on its own. The acquisition of Palm surely came in at a minimum cost for the dominant company who is undoubtedly at the top of their game. Buying Palm for a mere $1.2 billion, some would consider HP making out big time on the purchase considering that Palm's stock was once valued close to $14 per share over a year ago. Under the terms of the merger agreement, current Palm shareholders will be given $5.70 for each share. Although there are some talks right now regarding the future of Palm, Jon Rubinstein looks to stay put with the company while the deal is expected to finally close by July 31.
Almost instantly, HP is catapulted into the limelight and their presence will undoubtedly be felt far and wide as they quickly acquire all of Palm's assets – which includes their patent portfolio, device hardware, and webOS. So the question left answered is what HP intends to do now that they've acquired the venerable smartphone maker? Whichever road they choose to go, we're sure that HP will utilize the technology that Palm has built up from the ground up and integrate it in a medley of devices ranging from smartphones, tablets, computers, and everything else in between.
Palm's expertise in touchscreen technology and webOS could become useful for HP as they plan to compete on a grand scale among the premier cell phone manufacturers out there. It's almost ironic looking back earlier in the decade when HP was one of the companies to back Microsoft's Pocket PC platform in the hopes of being a clear competitor to Palm's reign in the PDA market. Ultimately, HP is definitely reinventing themselves with this and we look forward to see how they will be able to translate this purchase into a profitable reign for them.
Posts: 21; Member since: Apr 11, 2009
this is an awesome marriage, webOS on an HP smartphone; let the greatness begin!!!
posted on Oct 20, 2010, 1:46 AM 0
Posts: 742; Member since: Dec 11, 2008
Hell yes! And if they keep Rubinstein heading up the mobile division... just imagine the possibilities. I for one attribute most of apple's current success to the iPod which was his invention. Now he can help support HP's mobile line, maybe develop an awesome music player, collaborate with applications for the slate... I see good things, and I am excited for HP and Palm on this one.
posted on Apr 28, 2010, 7:53 PM 0
Posts: 113; Member since: Mar 31, 2009
I have to disagree with you...he walked into a mess and tried his best to help but when something is on the verge of breaking down completely one person is not going to bring it back up again. Not to mention he probably has alot of money but not enough to bring an entire industry back to life lol.
posted on Apr 29, 2010, 9:51 AM 0
Posts: 76; Member since: Dec 15, 2009
Now HP won't suck!!!!
posted on Apr 28, 2010, 7:09 PM 0
Posts: 224; Member since: Apr 12, 2010
no but buying palm wont increase hp lack of customer service. have you tried talking to an HP rep to get help with your computer. i would rather have seen someone in palm step up and point them in a new direction then just to give up.
posted on Apr 28, 2010, 7:39 PM 0
Posts: 2; Member since: Apr 28, 2010
I've actually had excellent customer service with HP. Used the chat feature on their website to get help with a hard drive crash on my wife's laptop. I received a return package a day later and got the computer back in a week. No questions, no hassle. They even recommended a way to recover the data on the crashed hard drive. In my experience, Dell has the worst customer service in the industry, right up there with Sprint. I dare you to name one PC manufacture with better customer service.
posted on Apr 28, 2010, 9:27 PM 0
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