HP Completes Palm Acquisition
PALO ALTO, Calif., -- HP these days announced it has completed its acquisition of Palm Inc. at a price of $5.70 per share of Palm frequent stock in cash.
HP these days announced it's finished its acquisition of Palm Inc. at a value of $5.70 for each reveal of Palm widespread stock in income.
The blend provides HP important headway into one of technology’s fastest-growth segments with Palm’s innovative webOS platform and loved ones of smartphones, as well as a prosperous portfolio of intellectual home through the smartphone pioneer.
HP’s international scale and monetary strength in addition Palm’s award-winning webOS encounter, as well as its acclaimed Pre and Pixi smartphone products lines, boost HP’s ability to participate more aggressively within the hugely profitable, $100 billion smartphone and connected mobile device markets.
“With webOS, HP will provide its consumers a special and persuasive experience across smartphones along with other mobility items,
Office Standard 2010,” said Todd Bradley, executive vice president, Private Programs Group, HP. “This makes it possible for us the opportunity to fully engage in developing our smartphone loved ones presenting as well as the footprint of webOS.”
Under Jon Rubinstein,
Windows 7 Starter Sale, previous Palm chairman and chief executive officer, the Palm worldwide business unit will report to Bradley. Palm will likely be responsible for webOS software program development and webOS primarily based hardware goods, from a robust smartphone roadmap to foreseeable future slate PCs and netbooks.
“With HP’s complete backing and worldwide strengths, I’m confident that webOS is going to be capable to get to its full possible,” mentioned Rubinstein. ”This agreement will accelerate the development of this amazing platform with new resources,
Microsoft Office Enterprise 2007, scale and support from a world-respected brand name.”
About HP
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This news release is made up of forward-looking statements that include risks, uncertainties and assumptions. If these kinds of pitfalls or uncertainties materialize or such assumptions demonstrate incorrect,
Windows 7 Home Basic Product Key, the results of HP and its consolidated subsidiaries could differ materially from individuals expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical reality are statements that may be deemed forward-looking statements, like the anticipated benefits and costs of the transaction; management options relating on the transaction; the anticipated timing with the completion of the transaction; any statements of expectation or belief; and any statements of assumptions underlying any from the foregoing. Risks, uncertainties and assumptions consist of the likelihood that expected advantages may well not materialize as expected; risks linked to the timing or final completion with the transaction; as well as other hazards which can be explained in HP’s Quarterly Report on Kind 10-Q for your fiscal quarter ended April thirty, 2010 and HP’s other filings with the Securities and Exchange Commission, such as but not constrained to HP’s Yearly Report on Kind 10-K for your fiscal year ended October 31, 2009. HP assumes no obligation and will not intend to update these forward-looking statements.
© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is topic to change without notice. HP shall not be liable for technical or editorial problems or omissions contained herein.
Editorial contacts
Jim Christensen, HP: jim.christensen@hp.com
Derick Mains,
Office 2010 Home And Business, Palm: derick.mains@palm.com
Windows 7 Starter Sale Completes Palm Acquisition
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