i think they are but it's probably from a lack of options
On 4/29/10, Vishal Uday Sheth <[email protected]> wrote: > isn't HP all in for windows based platform? > > Vishal Sheth > > > > > On Apr 29, 2010, at 2:01 AM, [email protected] wrote: > >> I have to believe this is about the best outcome that could be reached >> here. It is unlikely HP will shut down Palm. They will probably try to >> take WebOS to other devices. And they will probably expand. Support may >> get worse but beyond that looks like business will continue. And with HP >> behind it the marketing should vastly improve. >> >> Edward Fultz >> [email protected] >> (978) 807-4225 >> >> ----- Original Message ----- >> From: "Alli" <[email protected]> >> To: "Treo Yahoo Groups" <[email protected]> >> Sent: Wednesday, April 28, 2010 4:23:45 PM GMT -05:00 US/Canada Eastern >> Subject: [Treo] HP buys Palm >> >> PALO ALTO, Calif. & SUNNYVALE, Calif.--(BUSINESS WIRE)--HP (NYSE: HPQ - >> News) and Palm, Inc. (NASDAQ: PALM - News) today announced that they >> have entered into a definitive agreement under which HP will purchase >> Palm, a provider of smartphones powered by the Palm webOS mobile >> operating system, at a price of $5.70 per share of Palm common stock in >> cash or an enterprise value of approximately $1.2 billion. The >> transaction has been approved by the HP and Palm boards of directors. >> >> The combination of HP's global scale and financial strength with Palm's >> unparalleled webOS platform will enhance HP's ability to participate >> more aggressively in the fast-growing, highly profitable smartphone and >> connected mobile device markets. Palm's unique webOS will allow HP to >> take advantage of features such as true multitasking and always >> up-to-date information sharing across applications. >> >> "Palm's innovative operating system provides an ideal platform to expand >> HP's mobility strategy and create a unique HP experience spanning >> multiple mobile connected devices," said Todd Bradley, executive vice >> president, Personal Systems Group, HP. "And, Palm possesses significant >> IP assets and has a highly skilled team. The smartphone market is large, >> profitable and rapidly growing, and companies that can provide an >> integrated device and experience command a higher share. Advances in >> mobility are offering significant opportunities, and HP intends to be a >> leader in this market." >> >> "We're thrilled by HP's vote of confidence in Palm's technological >> leadership, which delivered Palm webOS and iconic products such as the >> Palm Pre. HP's longstanding culture of innovation, scale and global >> operating resources make it the perfect partner to rapidly accelerate >> the growth of webOS," said Jon Rubinstein, chairman and chief executive >> officer, Palm. "We look forward to working with HP to continue to >> deliver industry-leading mobile experiences to our customers and >> business partners." >> >> Under the terms of the merger agreement, Palm stockholders will receive >> $5.70 in cash for each share of Palm common stock that they hold at the >> closing of the merger. The merger consideration takes into account the >> updated guidance and other financial information being released by Palm >> this afternoon. The acquisition is subject to customary closing >> conditions, including the receipt of domestic and foreign regulatory >> approvals and the approval of Palm's stockholders. The transaction is >> expected to close during HP's third fiscal quarter ending July 31, 2010. >> >> Palm's current chairman and CEO, Jon Rubinstein, is expected to remain >> with the company.
