HP won Palm over four rival bidders

In late April, HP announced it was purchasing the struggling smartphone maker Palm for $1.2 billion, and it appears that HP was not the only interested party, with at least four other companies giving serious bids. 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. ... [ read the full article ]