Hewlett-Packard buys struggling Palm for $1bn in cash

#HP #PALM Interesting .. http://news.bbc.co.uk/1/hi/business/8650504.stm

Palm, a pioneer in the smart phone business, is being bought by US computer giant Hewlett-Packard (HP) for $1bn (£657m) cash.

HP said Palm’s webOS operating system would help it expand more aggressively in the fast-growing market for smart phones and connected mobile devices.

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