HP buys Palm to enter the SmartPhone market
HP has never been a major player when it came to Smart Phones.Not that HP wont be able to buid a masterpiece on its own, but when there is a short cut , everyone would take it and HP were no different. Also Lenovo’s and Dell’s intentions to enter the Smart Phone market would have prompted HP to think seriously about the Smart Phone venture. With Palm’s shares plungin down heavily,HP had the oppurtunity . HP will buy Palm for $1.2 billion.
The advantages to HP is the Palm’s WebOS operationg system,the Palm Pre and the Palm Pixi smart phones. Another great advantage would be that Palm’s technical know-how about wireless connectivity would help bolster H’s own ambitions in wireless technology. All the more, the deal seems to be a very good one for HP. Add to this the large number of experienced management and engineering talent in Palm, HP has entered the Smart Phone market with a bang.
Palm has been recentky struggling to make an impact even though the Palm Pre was well received. But with the new iPhone 3G making an even larger impact that the iPhone, Palm were having a tough time in the market. HP’s decision hs come as a great relief to Palm. Also ,with HP’s global presence, Palm would also be able to make a better impact globally.With HP’s financial security, we could very well see Palm+ HP making great strides in the Smart Phone market.Finally,may be, we might just be able to see a worthy competitor to the iPhone, from the Palm+HP stables.
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