::Hitesh:: 1,763 Report post Posted April 27, 2010 HTC has said that it won't be submitting an offer to purchase Palm, despite the rumor mill saying otherwise. Over the last few weeks, there has been speculation that Palm was accepting buy-out offers and one of the companies rumored to be offering, or at least thinking of offering, was HTC. It made sense for HTC to acquire Palm's vast IP portfolio. Currently embroiled in a patent infringement lawsuit with Apple, owning all of the patents currently owned by Palm would be a great weapon for HTC. However, it seems HTC is not interested. Citing people with knowledge of the situation, Reuters reports that HTC was approached about making a bid but decided to pass after reviewing Palm's books. Lenovo is now said to be the front-runner for acquiring Palm. However, Palm's CEO Jon Rubinstein has said he thinks the company can still operate independently. In a recent interview with the Financial Times, Rubinstein said, "Palm can survive as an independent company. We have a plan that gets us to profitability." Rubinstein did say that the board would have to consider a reasonable offer if it was presented to them but he seems confident that the company can pull itself back up. The CEO even said the company may let other mobile manufacturers use its WebOS operating system to boost revenue. Share this post Link to post Share on other sites
csmart 472 Report post Posted April 28, 2010 htc nit interested due to finanfical issues rather than tech. it seems that htc did not find its balance sheet too attractive. we will never know the reason.. or may be its google as google dont want htc to be its competitor for mobile os.... Share this post Link to post Share on other sites
ami1 237 Report post Posted April 28, 2010 Palm's patent portfolio would have been very useful in HTC's fight against Apple. I would hate to see HTC affected by apple's case. But maybe its not worth the asking price or maybe HTC is sure google will help it or google will buy palm once price expectation goes down. Share this post Link to post Share on other sites
ami1 237 Report post Posted April 29, 2010 (edited) It seems HP has finalized buyout of Palm for $ 1.2 Bn - link link HP has just announced that it's acquiring Palm to the tune of $1.2 billion, which works out to $5.70 per share of Palm common stock. The deal is planned to close by July 31, which marks the end of HP's third fiscal quarter of the year. Current Palm CEO Jon Rubinstein is "expected to remain with the company," though it's not said in what capacity. Press release after the break. There'll be a call to discuss the acquisition in more detail (well, we hope in more detail) at 5PM ET, so we'll keep you abreast as we learn more. HP's future plans for WebOS Edited April 29, 2010 by amione Share this post Link to post Share on other sites
::Hitesh:: 1,763 Report post Posted April 29, 2010 ^^^ Thats a good news !!! Our old Palm will get power of HP !! Share this post Link to post Share on other sites
dkaile 1,051 Report post Posted April 29, 2010 hate to see such a good os and company going down the drain... really loved web os... Share this post Link to post Share on other sites
::Hitesh:: 1,763 Report post Posted April 29, 2010 ^^^ WebOs will not go down, HP will make more devices using it. !! Share this post Link to post Share on other sites
Mufaddal 678 Report post Posted April 29, 2010 webos will never go down the drain it has lots of potential HP will make good use of it Share this post Link to post Share on other sites
ssupreet 0 Report post Posted May 1, 2010 wait for webOS tablets begins Share this post Link to post Share on other sites
::Hitesh:: 1,763 Report post Posted May 11, 2010 (edited) HP Launching 'Hurricane' Tablet Running Palm's OS HP is already making the most out of its billion dollar acquisition of Palm. Late last month, Palm was purchased by HP. Not too long after, amid talk that HP had canned its Windows 7 Slate, speculation emerged regarding a HP Slate running Palm's WebOS operating system. Today speculation turns into rumors as Examiner.com reports HP is planning a WebOS tablet called the Hurricane. That's right, it looks like HP is ditching the "Slate" moniker in favor of something a little more dramatic for this device. Examiner cites an inside source at HP who says the HP Hurricane is scheduled for a Q3 release later this year. It's not immediately clear if this means the Android version of the HP Slate has also been canned. Earlier reports suggested that the Windows 7 HP Slate had been scrapped but again, there was nothing to suggest the Android version of the same device was also being written off. With a new WebOS tablet planned, HP could ditch the Android version in favor of fully supporting its own mobile operating system but what a shame that would be. Edited May 11, 2010 by ::Hitesh:: Share this post Link to post Share on other sites
