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HP agrees to buy Palm for $1.2 billion
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The following comments relate to this news article:
article published on 28 April, 2010
Giant computer manufacturer HP has agreed to purchase the struggling smartphone maker Palm today for $1.2 billion in cash, including assuming Palm's debt.
Palm put itself up for sale in the last two months after it became clear that the company's phones were not selling and it only had enough cash to last the next 12 months. Palm was entertaining offers from HTC, Lenovo, RIM and others, ... [ read the full article ]
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28. April 2010 @ 17:30 |
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well i dont think theyre going to brand their phones "HP" like dell does with her phones but the logic is pretty simple. you sell pcs and laptops? i sell pcs and laptops. you sell phones? now i sell phones too.
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I hate titles
35 product reviews
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28. April 2010 @ 18:08 |
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HP has been selling phones for a decade or so. Never very successfully though, but yes, they've been in mobile business for quite some time now. Actually the "pre-smart phone" era in '90s was a fight for PDA markets between Compaq, HP and Palm. HP merged with Compaq in 2002 and now bought Palm. Only HP survived, although it now contains all those three brands :-)
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Junior Member
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28. April 2010 @ 18:46 |
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That's really too bad. -Not a big hp fan thier dv9000's, 2000's and 6000's shit out and they left tons of customers screwed. Of course they blamed nvidia for thier graphics cards, I blame the lack of air flow and faulty design. They have terrible customer service and constant software/driver issues. In my veiw phone manufacturing is just another thing they will screw up!
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AfterDawn Addict
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28. April 2010 @ 20:18 |
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The most exciting thing about this new is IMO the possibility of a WebOS slate. I would buy that in a heartbeat.
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ntense69
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28. April 2010 @ 21:11 |
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bought the only hp product i would buy would be an all in one and even then I'm not sure if i would buy
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AfterDawn Addict
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28. April 2010 @ 23:18 |
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Why would you want a webos slate? If WebOS was any good, they would not have trouble giving the phones away!
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AfterDawn Addict
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28. April 2010 @ 23:29 |
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WebOS is a great mobile OS. Pretty much anyone who's used it agrees on that. It's just that the Pre hardware is crap and Palm was totally clueless when it came to marketing.
This message has been edited since posting. Last time this message was edited on 28. April 2010 @ 23:30
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jjziman
Junior Member
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29. April 2010 @ 18:25 |
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Just another thing that HP can screw up
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AfterDawn Addict
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29. April 2010 @ 21:34 |
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Originally posted by KillerBug:
Why would you want a webos slate? If WebOS was any good, they would not have trouble giving the phones away!
tis one of the best OSs for smartphones int he world right now. the reason somethign as crap as the iphone sells more is beacuse of markting, something palm are just crap at.
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rylai17
Junior Member
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30. April 2010 @ 00:28 |
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Originally posted by Memnock:
WebOS is a great mobile OS. Pretty much anyone who's used it agrees on that. It's just that the Pre hardware is crap and Palm was totally clueless when it came to marketing.
I agree. WebOS is the a great mobile OS. It is said that palm has to sell its company. well maybe they need more startegy in terms of marketing and HP is really good at that.
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Staff Member
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30. April 2010 @ 00:57 |
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Originally posted by rylai17:
Originally posted by Memnock:
WebOS is a great mobile OS. Pretty much anyone who's used it agrees on that. It's just that the Pre hardware is crap and Palm was totally clueless when it came to marketing.
I agree. WebOS is the a great mobile OS. It is said that palm has to sell its company. well maybe they need more startegy in terms of marketing and HP is really good at that.
Not to mention the GREAT connections it has with retailers.
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Junior Member
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1. May 2010 @ 02:27 |
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Another merger in progress. The Board of Directors at Palm has sold out the employees. Hp will eliminate duplicate positions, outsource jobs and a few lucky people may be able to continue working for another year before fire you. Each member of the Board of Directors should have enough to retire but will not because they are motivated by greed.
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Member
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1. May 2010 @ 10:00 |
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$1.2 billion, in cash? I call bull. Sure, Hollywood might depict having that much money in a brief case for a transaction the ultimate bad ass move, but in the professional, real world, it doesn't work that way. It's all formalized on paper and the transaction goes through via a "wire" or business check (usually a giant cardboard check [if the purchase is worth the publicity] which enables a photo op. that way the press has something other than words to print!).
If I was selling my company for that much money, and the buyer came into my office with a briefcase full of bearer bonds worth $1.2 B, I wouldn't think he's a badass- I'd refuse to sell, as he'd clearly be an idiot carrying that around with him.
-adamryan
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I hate titles
35 product reviews
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1. May 2010 @ 10:19 |
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Originally posted by adamryan:
$1.2 billion, in cash? I call bull.
In financial world, buying something "in cash" means that it is paid in money -- wire transaction or whatever -- as opposed to share exchange, where the acquired company gets to own portion of the merged company. And yes, it is commonly used terminology. And no, it doesn't mean a fleet of UPS trucks brining piles of $100 bills to the Palm HQ ;-)
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Senior Member
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1. May 2010 @ 16:25 |
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Originally posted by thepohl:
That's really too bad. -Not a big hp fan thier dv9000's, 2000's and 6000's shit out and they left tons of customers screwed. Of course they blamed nvidia for thier graphics cards, I blame the lack of air flow and faulty design. They have terrible customer service and constant software/driver issues. In my veiw phone manufacturing is just another thing they will screw up!
This is like BlockBuster's mergers/market attempts and will turn out the same way. HP use to be great with hardware but never good with software. Now they can't do good with either as stated so well above. I have one of the mentioned laptops above as well as other friends of mine and just after the warrranty was up I had three major hardware failures not to mention the software horror stories their HP Advisor and other programs create. Their service is amongst the worst out there and they could careless about their customers. There is nothing I would buy at this point from HP especially their printers!
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rylai17
Junior Member
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1. May 2010 @ 23:36 |
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Originally posted by dRD:
Originally posted by adamryan:
$1.2 billion, in cash? I call bull.
In financial world, buying something "in cash" means that it is paid in money -- wire transaction or whatever -- as opposed to share exchange, where the acquired company gets to own portion of the merged company. And yes, it is commonly used terminology. And no, it doesn't mean a fleet of UPS trucks brining piles of $100 bills to the Palm HQ ;-)
yes that's correct. If i were palm and I will be paid in cold cash, seeing in front of my company numbers of trucks fully loaded with money? na-ahh.. I dont think so.. =)
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Junior Member
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2. May 2010 @ 04:45 |
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The annual compensation for a single Hedge Fund Manager has more value than the efforts of 1,250 employees of a 15 year old technology company. What is wrong with this picture?
A 1,000 people will be out of work by May 31, 2010 deal or no deal. The folks at Palm introduced innovations which changed the world in a good way. Thank you for your efforts, each and every employee of Palm.
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