HP Completes Palm Acquisition
PALO ALTO, Calif.,
Office 2007 Activation, -- HP today announced it's got completed its acquisition of Palm Inc. at a value of $5.70 for each share of Palm common stock in cash.
HP right now announced it has completed its acquisition of Palm Inc. at a cost of $5.70 for each reveal of Palm common stock in dollars.
The combination gives HP important headway into one among technology’s fastest-growth segments with Palm’s modern webOS platform and household of smartphones, plus a wealthy portfolio of intellectual residence through the smartphone pioneer.
HP’s international scale and monetary strength as well as Palm’s award-winning webOS knowledge, too as its acclaimed Pre and Pixi smartphone merchandise lines, boost HP’s capability to participate far more aggressively in the hugely lucrative, $100 billion smartphone and connected cellular unit markets.
“With webOS, HP will supply its consumers a unique and powerful encounter across smartphones along with other mobility items,” stated Todd Bradley,
Windows 7 Home Premium, executive vice president, Personalized Programs Group,
Microsoft Office 2007 Product Key, HP. “This makes it possible for us the opportunity to completely engage in growing our smartphone family offering along with the footprint of webOS.”
Under Jon Rubinstein, former Palm chairman and chief executive officer, the Palm worldwide company unit will report to Bradley. Palm will be responsible for webOS software improvement and webOS based mostly hardware items, from a robust smartphone roadmap to foreseeable future slate PCs and netbooks.
“With HP’s total backing and international strengths, I’m self-confident that webOS will likely be capable of reach its entire likely,” said Rubinstein. ”This arrangement will speed up the development of this extraordinary platform with new assets, scale and assistance from a world-respected brand.”
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This news release consists of forward-looking statements that involve hazards, uncertainties and assumptions. If these dangers or uncertainties materialize or these kinds of assumptions demonstrate incorrect, the results of HP and its consolidated subsidiaries could vary materially from people expressed or implied by this kind of forward-looking statements and assumptions. All statements other than statements of historical reality are statements that might be deemed forward-looking statements, which includes the anticipated positive aspects and costs from the transaction; management ideas relating towards the transaction; the expected timing from the completion in the transaction; any statements of expectation or belief; and any statements of assumptions underlying any with the foregoing. Risks, uncertainties and assumptions incorporate the likelihood that anticipated benefits may well not materialize as expected; pitfalls linked to the timing or greatest completion from the transaction; and other pitfalls that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April thirty, 2010 and HP’s other filings with the Securities and Exchange Commission, including although not limited to HP’s Annual Report on Type 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and isn't going to intend to update these forward-looking statements.
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Editorial contacts
Jim Christensen, HP: jim.christensen@hp.com
Derick Mains,
Office Standard, Palm: derick.mains@palm.com