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Remember Beta vs VHS? Windows vs Mac? Once again, competing global standards are preparing to do battle, this time over smartphones and other mobile devices. A flood of new tablets is coming on a number of platforms, but only two or three are likely to win.
Ousted Hewlett-Packard CEO Mark Hurd may be disgraced, but his bank account isn't. He's leaving the company with a severance package worth approximately $28 million in cash and stock.
The following is a round-up of news likely to affect stock prices today: BP (BP) extended Wednesday's selloff in London on Thursday, plunging as much as 11% to a 13-year low. Political pressure has intensified on the company to halt dividend payments and increase clean-up efforts and payments for...
Hewlett-Packard is expected to post strong results Tuesday on higher consumer and business technology spending. But a key question remains: How does HP plan to integrate Palm?
They have starkly different business models: Apple is primarily a device maker, while Google is an advertising company. And in the mobile Web business, advertising is the smarter long-term strategy.
The following is a round-up of news likely to affect stock prices today: Hewlett Packard (HPQ) announced late Wednesday it is acquiring Palm, Inc. (PALM) at a price of $5.70 per share of Palm common stock in cash or an enterprise value of approximately $1.2 billion. The transaction has been...
For giant HP, snaring Palm for $1.2 billion is a cheap way into the piping-hot mobile hardware and services market. And it's a direct assault aimed at its biggest players: Apple, Google, Research in Motion and Microsoft are in for a whole new battle.
While there was no secret that Palm's private equity investors wanted to unload the company, the betting was that the buyers would come from a tech operator in China, like Lenovo. But in the M&A world, deals can get interesting. So in a surprise move, HP has agreed to shell out $1.2 billion for Palm in an all-cash deal, which should make the private equity investors happy.
Computer maker Hewlett-Packard Co. has agreed to acquire struggling smart phone maker Palm Inc. for nearly $1 billion in cash. The companies announced Wednesday they had agreed to the deal, which will see HP pay $5.70 for every Palm common share. When debt is included, the deal values Palm (PALM) at $1.2 billion.
Lenovo is considering a bid for smartphone maker Palm. But such a move could be risky. Palm is slipping partly because its operating system is caught in a dead zone somewhere between Apple's iPhone and Google's Android.
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