HP buys Palm

HP is buying the¬†beleaguered¬†smart phone manufacturer Palm for $1.2 billion. Palm has been struggling to make ends meet in recent times. It approached HTC and a few other companies, who refused to buy them. At one point in time, there were only 2 smart phones in the world – Palm and the Blackberry. With some many variants in the market, now it is Apple and BlackBerry which dominate it, closely followed by HTC. Lets see if Palm re-invents itself within HP, and rises from the ashes. HP’s IPAQ has been suffering sales for a longer time now. Would the Palm portfolio increase HP’s interests in smartphones.

Read the full article in BusinessWeek here.

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