Thursday, April 29, 2010

H-P Agrees to Buy Palm for $1 Billion - WSJ.com

A couple more HP/Palm details and perspectives

H-P said Palm will be integrated into its personal-computers business unit and the handset maker's chief executive and former Apple executive, Jon Rubinstein, is "expected to remain with the company." The acquisition reunites H-P's PC-division chief Todd Bradley with Palm, where he was CEO from 2003 to 2005.

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"Palm had a lot of brand equity and a lot of insiders and even with that they weren't able to make it happen," said Ed Snyder, managing director of Charter Equity Research. "The H-P name is good but it doesn't mean anything for phones and it doesn't mean anything for operators."

H-P Agrees to Buy Palm for $1 Billion - WSJ.com

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