HP Completes Palm Acquisition
HP today announced it has completed its acquisition of Palm Inc. at a price of $5.70 per share of Palm common stock in cash. In a statement, Hewlett-Packard says the the combo gives HP significant headway into one of technology's fastest-growth segments with Palm's innovative webOS platform and family of smartphones, plus a rich portfolio of intellectual property from the smartphone pioneer.
"With webOS, HP will deliver its customers a unique and compelling experience across smartphones and other mobility products," said Todd Bradley, executive vice president, Personal Systems Group, HP. "This allows us the opportunity to fully engage in growing our smartphone family offering and the footprint of webOS."
HP's global scale and financial strength plus Palm's award-winning webOS experience, 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 Bradley. Palm will be responsible for webOS software development and webOS based hardware products, from a robust smartphone roadmap to future slate PCs and netbooks.
"With HP's full backing and global strengths, I'm confident that webOS will be able to reach its full potential," said Rubinstein. "This agreement will accelerate the development of this incredible platform with new resources, scale and support from a world-respected brand."
Source: HP Press Release.
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RE: Pre 'FREE' on ATT or VZW
Pat Horne
RE: Pre 'FREE' on ATT or VZW
Do they need to be tied together to sink?
Will one rock not sink alone?
Will they sink if placed in cement?
Will they sink in water that's frozen?
Do they sink if attempting in weightless environs?
... you'll be sad when I get my new printer with 4G, AMOLED, and WebOS.
Pat Horne
RE: and so it ends
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->Zodiac 2->TX->Verizon Treo 700P->Verizon Treo 755p->Verizon Moto Droid + Verizon Palm Centro
RE: and so it ends
Pat Horne
RE: and so it ends
A new beginning
E-T
RE: A new beginning
Pat Horne
RE: A new beginning
E-T
RE: A new beginning
Supposedly, they are looking at getting rid of two third party embedded OS'es with this. First is ThreadX that allegedly runs on most of their printers and scanners. Second is they want to eliminate, if not severely compromise Window Mobile and make some good mobile systems. Perhaps we will even see an HP-branded and webOS-based tablet computer.
It does look bright. How long will the Palm logos say on the buildings on Maude Ave?
SHOCK! HP *gets* it!
http://www.youtube.com/watch?v=9Ae9qmbnMj4
-- you must watch ALL 15 minutes of it.
RE: SHOCK! HP *gets* it!
For example - HP gives Palm the ability to launch a new phone simultaneously on multiple carriers like Samsung is doing with their new Galaxy line of phones. Why? Because HP doesn't need the carrier kickbacks and marketing aid that come with the exclusivity agreements (Palm needed these because they were so cash poor). HP has a huge marketing and sales department that can spend gazillions on advertising campaigns to build awareness - one bad campaign won't sink HP like the way it did Palm with the creep girl ads (though I still hope HP can manage a home run campaign like Motorola/Verizon did with Droid).
The only open questions are longer term - does HP/Palm license webOS for non-core markets? We know Google's Android will be everywhere (phones, tablets, TVs, etc - Google makes money off search - not the devices) but how will HP/Palm compete with that? And, if HP for some reason doesn't end up being successful (by whatever metric they decide to measure that), how long will they continue the no-holds-barred investment in Palm/WebOS before shifting strategies (i.e. they decide mobile is non-core and go back to just being a licensee)?
Anyway, with Apple and Google mostly being consumer oriented, there's a real opportunity for HP in the enterprise markets, especially when it comes to tablets. I figure if they can quickly (within 6-9 mos) come out with a strong tablet, it will help them win share in mobile phones (they'll no doubt have solid phones, they'll find an increasingly saturated market and have difficulty cutting through the chatter). For the other non-mobile devices the lead time is longer - webOS in printers, cameras and instant-on webOS BIOS PCs (if those come to fruition) probably won't come until mid-2011 at the earliest.
Microsoft continues to flail around in the mobile space - allowing Windows Mobile momentum to melt away while investing in the Kin (completely mistargeted product which took way too long to come to market) and killing the Courier shows just how adrift they are. How many OEMs will sign up for Phone 7 once it is finally released (and will consumers even care)? Nokia's two OS strategy (Symbian and Meego) dilutes what should be a stronger presence - though they look to be getting closer to moving forward with Meego and ditching Symbian. And RIMM looks to me like they might be the next Palm - taking a painfully long time to update their OS and increasingly outmatched financially in a game of behemoths (Google, Apple, MS, Nokia, HP, Intel).
It'll be interesting...
RE: SHOCK! HP *gets* it!
I hope you are right BTW.
Pat Horne
RE: SHOCK! HP *gets* it!
RE: SHOCK! HP *gets* it!
WebOS' "synergy" is really extremely powerful and seamless in it's functionality. I shutter to think how they even make it work. To the end user it just works and works great. That being said, the patriot in me never forgets big brother and the fact that the cloud is possessed by the unknowns and not me.
Pat Horne
RE: SHOCK! HP *gets* it!
over? was it over when the Germans bombed Pearl Harbor???!!!
http://www.youtube.com/watch?v=V8lT1o0sDwI
RE: SHOCK! HP *gets* it!
RE: SHOCK! HP *gets* it!
HP has established relationships with every damned carrier. HP's SMS software is the MIDDLEWARE everyone in the cellphone space uses. This gives webOS an advantage NO OTHER OS can hope for. HP has had a trusted long-term relationship with all those vendors, unlike either Apple or Google. If HP says, "Look, put this webOS middleware on your network and carry our devices, and we'll all clean up like hell" -- carriers will listen and DO.
I also didn't know about these frikkin apps already built-into HP's printers.
And that HP guy in that video has one hell of an impressive resume going there. Plus, he came out of retirement to work at HP. Someone like him could have gone anywhere, but he went to HP. He had to have liked what HP told him they wanted to do.
And I also liked the fact one of the first things HP did was run a contest with all the engineers to build webOS apps. DAHYUM! Talk about everyone getting hands-on experience with it! All those engineers could also look at it and immediately see what heavyweight things would improve webOS.
If Apple and Google have been laughing at Palm, they'd better start paying attention. The sh*t is going to start to getting serious soon.
RE: SHOCK! HP *gets* it!
In connection with completion of the Palm acquisition by Hewlett-Packard (HPQ), some Palm staffers this week were handed their walking papers.
One now-former Palm staffer who got the ax this week tells me that while there were "many others" cut, but that the company would not say exactly how many people lost their jobs as a result of the deal. "Pretty ironic for a company that said it was going to double-down on WebOS," my contact writes.
RE: SHOCK! HP *gets* it!
Gekko is blinded by his EVO. I await his yips of pain when Android 3.0 makes it slow as molasses later this year. Suddenly, webOS on a tablet will look mighty good to him and he'll be screaming to HP for a new phone with it.
RE: SHOCK! HP *gets* it!
I'd be content to have Rob Haitani, Jeff Hawkins, the tap counter guy, and Donna Dubinsky come out of retirement/semi-retirement to join the party over any HP people. Throw in CES Dewar, Dmitry Grinberg, Aaron Ardiri, some of the TCPMP crew and Marc Blank alongside some young Linux studs and that'd be pretty much good enough for me.
@ jptx;
That's the best concept I've heard in ages. In fact, it's almost a no-brainer (along with my idea to sell leftover Centros at $99 retail w/ $20 monthly unlimited data service through Virgin Mobile etc). It'd also make sense to have a $200 or $300 wi-fi only version for the budget-minded. it's such a good concept that HP/Palm or Sprint would want to run with it. But what size screen would you like to see? I feel that maybe 1366x768 on 10.6" or so is the sweet spot?
Pilot 1000->Pilot 5000->PalmPilot Pro->IIIe->Vx->m505->T|T->T|T2->T|C->T|T3->T|T5->Zodiac 2->TX->Verizon Treo 700P->Verizon Treo 755p->Verizon Moto Droid + Verizon Palm Centro
RE: SHOCK! HP *gets* it!
yet...
a few webos people leave, several vp's leave, *and* HP axes a bunch of people.
Sounds like HP is not off to a good start with all of this.
HP Now Selling Palm Phones
http://www.cellstores.com/mobile/?r=hp
Fool/Palm Apologist
Shouting down the PIC Faithful Since 2009
Screw convergence
Palm III->Visor Deluxe->Visor Platinum->Visor Prism->Tungsten E->Palm LifeDrive->Palm TX->Palm Pre
Visor Pro+VisorPhone->Treo 180g->Treo 270->Treo 600->Treo 680->T-Mobile G1->Palm Pre
http://mind-grapes.blogspot.com/
RE: HP Now Selling Palm Phones
RE: HP Now Selling Palm Phones
RE: HP Now Selling Palm Phones
Palm was discretely (Ha!) positioning itself for sale after the Pre launch got bungled. But all that money they were burning through at to fast a pace to survive was going to build something. That something should get at least Mr. Fuzzycam here in a few days.
Pat Horne
RE: HP Now Selling Palm Phones
RE: HP Now Selling Palm Phones
"Lately my life has seemed hollow and pointless, so I thought I'd buy a new gadget." – Men's Health Cartoon, October 2005
RE: HP Now Selling Palm Phones
Which is precisely why I DON'T buy everydamnthing everyone else buys. My life ISN'T frikkin hollow and pointless. STFU, Gekko -- which of us two HAS to visit strippers? Not me, baby.
The seven lives of Palm computing
http://www.mercurynews.com/opinion/ci_15431301
Fool/Palm Apologist
Shouting down the PIC Faithful Since 2009
Screw convergence
Palm III->Visor Deluxe->Visor Platinum->Visor Prism->Tungsten E->Palm LifeDrive->Palm TX->Palm Pre
Visor Pro+VisorPhone->Treo 180g->Treo 270->Treo 600->Treo 680->T-Mobile G1->Palm Pre
http://mind-grapes.blogspot.com/
RE: The seven lives of Palm computing
Yeah, now that's what webOS needs today!
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Pre 'FREE' on ATT or VZW
http://www.cellstores.com/mobile/?r=hp
Looks like the Palm branding will survive. And (a huge AND) the "Palm" group will be responsible for it's own s/w development. Now, no promises are made that HP's s/w team will not slowly meld into it. But if they will just keep the Palm culture and back it with a litte cash, then it will pay back huge rewards IMO. All good signs, but I'm still a bit skittish.
Pat Horne