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April 28, 2010

Breaking: Hewlett-Packard to buy Palm for $1.2 billion

Hewlett-Packard is buying Palm for $1.2 billion.

Anybody who's followed Palm closely for the last several months has seen the writing on the wall. Many didn't expect the company, maker of the innovative Palm Pre smartphone, to last on its own for long in a marketplace dominated by BlackBerry, Apple and Google Android cell phone products.

Links:

:: New York Times' DealBook blog

:: Company press release

(FYI -- I got the news off the Wall Street Journal's Twitter feed.)

Posted by Gus Sentementes at 4:18 PM | | Comments (1)
Categories: *NEWS*
        

Comments

Two struggling companies work together, that is good to hear.

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About Gus G. Sentementes
Gus G. Sentementes (@gussent on Twitter) has been writing for The Baltimore Sun since 2000. He's covered real estate, business, prisons, and suburban and Baltimore City crime and cops. He was one of the first reporters at The Sun to use multimedia tools and Web applications -- a video camera, an iPhone -- to cover breaking news. He hopes to cover Maryland geeks and the gadgets and Web sites they build, and learn -- and share -- something new every day.

Gus has a wife, a young daughter and two feuding cats. They live in Northeast Baltimore.
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