HP Completes Palm Acquisition
PALO ALTO, Calif., -- HP right now announced it has finished its acquisition of Palm Inc. at a cost of $5.70 per share of Palm typical stock in income.
HP right now announced it's completed its acquisition of Palm Inc. at a value of $5.70 per share of Palm typical stock in cash.
The mixture provides HP important headway into certainly one of technology’s fastest-growth segments with Palm’s modern webOS platform and household of smartphones,
Windows 7 Keygen, as well as a prosperous portfolio of intellectual house from the smartphone pioneer.
HP’s global scale and financial strength as well as Palm’s award-winning webOS experience, also as its acclaimed Pre and Pixi smartphone products lines, enrich HP’s capacity to participate a lot more aggressively inside the very profitable, $100 billion smartphone and connected mobile gadget markets.
“With webOS, HP will supply its consumers a unique and powerful encounter across smartphones as well as other mobility items,” mentioned Todd Bradley,
Office 2010 Pro Key, executive vice president, Individual Methods Group, HP. “This makes it possible for us the opportunity to fully engage in growing our smartphone family offering and the footprint of webOS.”
Under Jon Rubinstein,
Office Home And Business 2010 Key, former Palm chairman and chief executive officer,
Office Professional, the Palm worldwide company unit will report to Bradley. Palm will be responsible for webOS software program development and webOS centered hardware merchandise, from a robust smartphone roadmap to potential slate PCs and netbooks.
“With HP’s total backing and worldwide strengths, I’m self-confident that webOS will be in a position to attain its total likely,” mentioned Rubinstein. ”This arrangement will speed up the advancement of this amazing platform with new resources, scale and support from a world-respected brand name.”
About HP
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Office Professional 2007, personalized computing, application, providers and IT infrastructure to resolve consumer issues. Far more information about HP (NYSE: HPQ) is obtainable at
This news release includes forward-looking statements that entail risks, uncertainties and assumptions. If these kinds of pitfalls or uncertainties materialize or this kind of assumptions prove incorrect, the results of HP and its consolidated subsidiaries could vary materially from people expressed or implied by this kind of forward-looking statements and assumptions. All statements apart from statements of historical actuality are statements that might be deemed forward-looking statements, like the expected advantages and charges with the transaction; management strategies relating for the transaction; the expected timing with the completion from the transaction; any statements of expectation or belief; and any statements of assumptions underlying any in the foregoing. Risks, uncertainties and assumptions contain the likelihood that anticipated advantages may not materialize as anticipated; hazards linked to the timing or final completion of the transaction; along with other dangers which might be explained in HP’s Quarterly Report on Type 10-Q for the fiscal quarter ended April 30, 2010 and HP’s other filings with the Securities and Exchange Commission, which includes but not constrained to HP’s Yearly Report on Sort 10-K for your fiscal yr ended October 31, 2009. HP assumes no obligation and will not intend to update these forward-looking statements.
© 2010 Hewlett-Packard Development Business, L.P. The knowledge contained herein is matter to alter without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.
Editorial contacts
Jim Christensen, HP: jim.christensen@hp.com
Derick Mains, Palm: derick.mains@palm.com
Office 2010 Pro Key Completes Palm Acquisition
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