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Thread: HP to Acquire Palm for $1.2 Billion

  1. #1

    Default HP to Acquire Palm for $1.2 Billion

    HP to Acquire Palm for $1.2 Billion Combination will accelerate HPs growth within the more than $100 billion connected mobile device market
    PALO ALTO and SUNNYVALE, Calif., April 28, 2010
    HP and Palm, 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.
    The combination of HPs global scale and financial strength with Palms unparalleled webOS platform will enhance HPs ability to participate more aggressively in the fast-growing, highly profitable smartphone and connected mobile device markets. Palms unique webOS will allow HP to take advantage of features such as true multitasking and always up-to-date information sharing across applications.

  2. #2
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    Default Re: HP to Acquire Palm for $1.2 Billion

    Quote Originally Posted by Jason Ho View Post
    HP to Acquire Palm for $1.2 Billion Combination will accelerate HPs growth within the more than $100 billion connected mobile device market
    PALO ALTO and SUNNYVALE, Calif., April 28, 2010
    HP and Palm, 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.
    The combination of HPs global scale and financial strength with Palms unparalleled webOS platform will enhance HPs ability to participate more aggressively in the fast-growing, highly profitable smartphone and connected mobile device markets. Palms unique webOS will allow HP to take advantage of features such as true multitasking and always up-to-date information sharing across applications.
    wah long time no see...
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  3. #3

    Default Re: HP to Acquire Palm for $1.2 Billion

    Wow..you are back !

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