I'm an idiot. I've been mulling buying some PALM for a while.
HP Buying Palm For $1.2 Billion
11–20 of 148 posts
Re: HP Buying Palm For $1.2 Billion
#12This is very surprising. I'd speculated that Sony or RIM would consider buying them once HTC fell out of favor. Sony seemed to be a good fit from a capacity to deliver a high quality product, plus they have ability, much like Apple, to sell stuff at a premium.
RIM seemed less likely but given their need for a new phone OS, it seemed like a pretty easy fit. Corporate culture might have been a factor against them doing this deal, hard to say.
HP's not the sort of company that can enter a new market like this and turn it on its ear, but maybe I'm wrong. They did have the foresight to buy DEC Alpha, which seemed like a great fit, but then they did nothing with it.
Here's hoping for the best.
Re: HP Buying Palm For $1.2 Billion
#13So Palm = Groupon? http://techcrunch.com/2010/04/13/groupon-raises-huge-new-rou...
Well, Palm is a publicly traded company. Their valuation is fairly objective. HP actually paying more than the market cap of 784 M. http://finance.yahoo.com/q?s=palm&d=t
Groupon doesn't have that litmus test, and valuations and cash money are two different things.
Re: HP Buying Palm For $1.2 Billion
#14So Palm = Groupon? http://techcrunch.com/2010/04/13/groupon-raises-huge-new-rou...
Actually paying $1.2B in cash and stock is different than an investment of arbitrary size with a $1.2B valuation.
Think of it more as, the perceived value way way way down the road of groupon == palm's value as of an hour ago.
Re: HP Buying Palm For $1.2 Billion
#15This is very surprising. I'd speculated that Sony or RIM would consider buying them once HTC fell out of favor. Sony seemed to be a good fit from a capacity to deliver a high quality product, plus they have ability, much like Apple, to sell stuff at a premium. RIM seemed less likely but given their need for a new phone OS, it seemed like a pretty easy fit. Corporate culture might have been a factor against them doing…
HP's not the sort of company that can enter a new market like this and turn it on its ear
This isn't a new market for HP. They've been a leader in the PocketPC space for years, with their Axim line, and Compaq's Ipaq link (no, Apple didn't invent the "i" thing).
I wonder now what's to become of the Ipaqs. I assume that the Windows Mobile based devices will simply be phased out.
Re: HP Buying Palm For $1.2 Billion
#16UGH poor Palm employees. I am so sorry.
I am sure for many this is a welcomed event. Imagine if you had options, stock? This would be a nice payday in addition to having a job with a company with deep pockets (and some agenda).
Re: HP Buying Palm For $1.2 Billion
#17Wow, that just came out of no where. Did anyone really think of HP as a serious contender? great move!
Elevation Partners must be trilled!
Re: HP Buying Palm For $1.2 Billion
#18Well, this is great. I love my Apple gear, and I'm going to stay that way as long as they keep making well-designed (minimalistic externally) stuff. But with the Palm acquisition, HP will be able to do just what Apple is doing. And that's great - integration between software and hardware makes my life (as a user) so much easier. The main question I have is: will they have any taste? The HP slate has a big white HP lo…
It's funny, even though Apple has resisted messing up the hardware, there is still that "Sent from my iPhone" message which always struck me as having no taste at all. It is different because you can remove it, but still.
Re: HP Buying Palm For $1.2 Billion
#19Hopefully this won't mess with the webOS mojo. Palms seems to be doing some pretty interesting stuff these days.
Re: HP Buying Palm For $1.2 Billion
#20I'm an idiot. I've been mulling buying some PALM for a while.
By awhile, I hope you mean less than a month, since they've been in a downward spiral and a month ago were above the $5.70 asking price. 2 months ago they were at $8 and 6 months ago they were at $16 per share.
It was a good thing you didn't buy it (unless you purchased December 2008).