Palm finally sinks, acquired by HP for $1.2 billion

By Matthew
Apr 28, 2010
  1. In an unexpected move today, HP announced it would buy ailing handset-maker Palm for $1.2 billion, a 23% premium. The decision has already been approved by the boards of both companies and will give HP a new strength in the mobile computing market -- an unquestionable bonus with tablet-fever on the rise. HP also has a little-known line of phones, which date back to the 2002 merger with Compaq.

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  2. SNGX1275

    SNGX1275 TS Forces Special Posts: 10,689   +395

    Now if only this would make my Palm handheld (forget even the model) from about 1999 worth some money...
  3. DarkCobra

    DarkCobra TS Rookie Posts: 79

    Well goodbye to an old friend I guess. I had a Palm PDA back in the 90's. Those were the glory days of Palm. They sadly just never quite grabbed the foot hold into the Cellular World as they hoped. They had a good product but it was just no match for the Iphone, Blackberry's and Androids.

    I don't know what HP can do that Palm didn't do, but I wish all of those associated with Palm nothing but the best and I thank them for a job well done. You have nothing to be ashamed about because you did your best. Thanks for years of very good products.
  4. ET3D

    ET3D TechSpot Paladin Posts: 1,159   +67

    HP has more money, so can let Palm do what they wanted. Palm did manage to come back with WebOS, but it was too late. It just didn't have the money to push it into the market. HP's back might help.
  5. Julio Franco

    Julio Franco TechSpot Editor Posts: 7,028   +613

    Very, very interesting acquisition. HP is one of only a handful of tech companies that can take Palm's strengths and rework whatever was wrong with them in the first place. A virtually unlimited budget combined with industry know-how that is awfully hard to compete against.
  6. PanicX

    PanicX TechSpot Ambassador Posts: 669

    I think its Palms lack of industry know how that got them in this mess to begin with, or maybe its just lack of industry foresight.

    The last Palm I owned was a Treo 650 and I really, really hated it. Which is a bummer because at the time of purchase it was the best smart phone around. But the buggy desktop manager, loose sim card tray (they recalled), and the hideously loud beep in your ear when a call dropped, drove me to the brink. Every day I cursed the thing. Then I got my iPhone and well, maybe I only like the iPhone in comparison to the Treo cuz it has its own problems, but I'm much happier with it.
  7. Tedster

    Tedster Techspot old timer..... Posts: 6,000   +15

    This actually was a lifesaver for palm. Investors were very worried about losing all their money.
  8. LOL!
    palm is piece of ****, and hp is even bigger shits creator!
    agin LOL!
    i hope it will bring down hp and palm out of market completly.
  9. SNGX1275

    SNGX1275 TS Forces Special Posts: 10,689   +395

    With the news of HP delaying their Slate until after the Palm deal is finalized that WebOS thing may come into play. Apparently HP wasn't happy with Windows 7 on the Slate, and not happy with the battery life on Intel hardware...
  10. KBerger

    KBerger TS Rookie Posts: 17

    Well I like my iPAQ rw6815 very much. Even though 5 years old, it still remains an optimal price/quality/performance combination (for me). If you don't expect it to be a multimedia center in your pocket, which I don't. I mean there are players for multimedia, then there are net-books for net-surfing.

    So guess a PDA is meant as a rather limited combination of these abilities, though with the advantage of them being squeezed into a rather limited space and combined additionally with ... a phone. So I don't expect a lot from them anyway, and HP seems to have been quite for some time into that market segment...

    So what, are HP preparing for some new step forward with an iPAQ hybrid with Palm? That would be interesting, hope they know what they're doing.
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