Thread: HP Buys Palm

A big news : HP buys Palm.

The HP company has bought Palm at $1.2 billion because it has become troubleing and lose going company .While it had been expected that Palm was having a big and wanted target for some one to buy, many pundits expected that it would be Lenovo signing on the dotted line. HP seems to have come out of nowhere to pick up the company.

HP executive vice president Todd Bradley indicated that HP wanted Palm's "innovative operating system", which it thinks will provide an ideal platform to expand HP's mobility strateg.

Palm looked like it was ready for a turnaround last year when it released a sleek new touchscreen smartphone called the Pre and fresh operating software that won good reviews and the "Best in Show" award at the annual gadget fair in Las Vegas in January 2009.

However the Pre and its smaller sidekick the Pixi did not do as well as many had hoped.HP also had a crack at the smartphone market, but its Ipaq tanked too, selling only 100,000 units.

The companies said the acquisition has been approved by the boards of directors of both firms and is expected to close during HP's fiscal quarter ending July 31.

And Manchester city is planning to buy real madrid striker...
Hey look into similar threads zooni has already written about this.