Wednesday, April 28, 2010

News Alert: Hewlett-Packard to Buy Palm for $1.2 Billion

Breaking News Alert
The New York Times
Wed, April 28, 2010 -- 4:19 PM ET
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Hewlett-Packard to Buy Palm for $1.2 Billion

Hewlett-Packard said on Wednesday that it would acquire Palm,
the struggling cellphone maker, for $1.2 billion in cash.

Palm had begun exploring a sale as it continued to struggle
in the marketplace. While the company has won acclaim for
webOS, its new smartphone operating system, its new products
like the Pre and the Pixi have failed to draw customers away
from rivals like Apple and Research in Motion.

Read More:
http://dealbook.blogs.nytimes.com/2010/04/28/h-p-to-buy-palm-for-1-2-billion/?emc=na

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