HP Buys Palm

I’d been hoping that if anyone bought Palm, it would be HP. Not only is HP in general a very large and successful technology company, but they’ve been making some very nice touch-enabled devices lately. webOS fits perfectly with HP’s much improved hardware, and if HP is serious about penetrating the mobile space then webOS could get a real injection of capital and talent.

From HP’s press release:

The combination of HP’s global scale and financial strength with Palm’s unparalleled webOS platform will enhance HP’s ability to participate more aggressively in the fast-growing, highly profitable smartphone and connected mobile device markets. Palm’s unique webOS will allow HP to take advantage of features such as true multitasking and always up-to-date information sharing across applications.

“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,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “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.”

Very exciting news.

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