HP Completes Palm Acquisition
PALO ALTO, Calif., -- HP right now announced it's got completed its acquisition of Palm Inc. at a price tag of $5.70 per share of Palm widespread stock in money.
HP nowadays announced it has finished its acquisition of Palm Inc. at a cost of $5.70 for each reveal of Palm frequent stock in income.
The combination offers HP substantial headway into one of technology’s fastest-growth segments with Palm’s innovative webOS platform and loved ones of smartphones, plus a abundant portfolio of intellectual property from your smartphone pioneer.
HP’s worldwide scale and financial strength as well as Palm’s award-winning webOS expertise, as well as its acclaimed Pre and Pixi smartphone merchandise lines, improve HP’s capability to take part a lot more aggressively within the highly profitable, $100 billion smartphone and related cellular unit markets.
“With webOS, HP will provide its clients a exclusive and powerful expertise across smartphones as well as other mobility products,
Microsoft Office 2007 Professional Plus Key,” said Todd Bradley, executive vice president, Personal Methods Group, HP. “This enables us the chance to fully engage in expanding our smartphone family members presenting along with the footprint of webOS.”
Under Jon Rubinstein, former Palm chairman and chief executive officer, the Palm global organization unit will report to Bradley. Palm will likely be responsible for webOS computer software development and webOS primarily based hardware items, from a robust smartphone roadmap to long term slate PCs and netbooks.
“With HP’s full backing and global strengths, I’m assured that webOS will likely be capable of attain its total possible,” said Rubinstein. ”This arrangement will speed up the advancement of this amazing platform with new sources, scale and support from a world-respected brand name.”
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This news release includes forward-looking statements that entail pitfalls, uncertainties and assumptions. If these kinds of hazards or uncertainties materialize or this kind of assumptions prove incorrect, the outcomes of HP and its consolidated subsidiaries could differ materially from these 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,
Microsoft Office Professional 2007, which includes the expected benefits and fees with the transaction; management strategies relating to the transaction; the anticipated timing in the completion from the transaction; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions incorporate the likelihood that anticipated positive aspects may well not materialize as anticipated; risks related to the timing or final completion of the transaction; as well as other risks which are described in HP’s Quarterly Report on Form 10-Q for that fiscal quarter ended April thirty, 2010 and HP’s other filings together with the Securities and Trade Commission, such as although not constrained to HP’s Yearly Report on Form 10-K for your fiscal yr ended October 31,
Office 2007 Professional Plus Key, 2009. HP assumes no obligation and will not intend to update these forward-looking statements.
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Editorial contacts
Jim Christensen, HP: jim.christensen@hp.com
Derick Mains, Palm: derick.mains@palm.com
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