Palm has been saved from going under as HP came to save the day. Previously Palm was headed for bankruptcy & seeking a buyer, in which Lenovo was in the runnings after HTC passed on it. HP buys Palm for $1.2 billion at $5.70 per share. Palm CEO & chairman Jon Rubenstein will remain with Palm but his position remains unknown. This merger will be complete at the end of the 3rd quarter. This means this merger will bring life into the WebOS and hopefully make better hardware to accompany Palm’s OS. HP will be committed to building/growing Palm’s WebOS. Our opinion on the Pre/Pixi is that if the handsets would’ve been better made, the WebOS (which is a great OS by the way) has a chance to compete with the rest of the OS in the marketplace. Hit the link below for the official release.
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