Hewlett-Packard’s decision to acquire Palm and “double down” on its webOS operating system has so far proven a regrettable and costly mistake. How costly?
HP investors, grab your Mylanta …
HP spent $1.2 billion to buy Palm in 2010. Reporting fourth-quarter earnings Monday, the company said it had been forced to write off a record $3.3 billion, about half of which was “related to the wind down of its webOS device business.”