I can’t see how this will be good for HP, although it saves the Palm products from (at least immediate-term) oblivion. In any case, see the full article for some insightful analysis.
Updated: Hewlett-Packard has stepped in as a surprise buyer for Palm. HP will buy Palm and its webOS operating system for $1.2 billion, or $5.70 a share.
With the deal HP becomes a smartphone player because it will acquire an operating system, intellectual property and handset designs. It’s likely that HP CEO Mark Hurd will give Palm some manufacturing discipline and scale.
The deal has been approved by both boards of directors (statement).
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