HP Completes Palm Acquisition

HP announced it has completed its acquisition of Palm Inc. The combination gives HP headway into one of technology's fastest-growth segments with Palm's webOS platform and family of smartphones, plus a portfolio of intellectual property from the smartphone pioneer.

HP's global scale and financial strength plus Palm's webOS, as well as its acclaimed Pre and Pixi smartphone product lines, enhance HP's ability to participate more aggressively in the highly profitable, $100 billion smartphone and connected mobile device markets.

Under Jon Rubinstein, former Palm chairman and chief executive officer, the Palm global business unit will report to Todd Bradley, executive vice president, Personal Systems Group, HP. Palm will be responsible for webOS software development and webOS based hardware products, from a robust smartphone roadmap to future slate PCs and netbooks.

Source: Palm

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