It has been a horrible year for Research In Motion, and things may not be getting any better for the BlackBerry maker come 2012. Despite all of the buyout speculation, RIM's stock has been a disaster. In fact, it's a foregone conclusion that RIM is toast.
Hewlett-Packard will probably have a new CEO in under a week. The candidate will likely come from inside the company, which would almost certainly allow the board of directors to speed through the process.
What are the best brokerages for mobile investors? The industry advisory firm Corporate Insight surveyed the mobile trading features of 21 brokerages, looking at a variety of platforms and loads of other features. See what firms come out on top.
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.
Although HP's competitors have been quiet so far, the Mark Hurd fiasco has to smell like blood in the water around Silicon Valley. Where exactly might HP be most vulnerable? And where might it still hold an edge? Here's a business-by-business rundown.
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.
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.
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.
Some of Monday's best stories for inverstors, including how to trade market bubbles, the long-term impact of the Icelandic volcano, and is Goldman guilty?
Palm shares jumped more than 8% in early afternoon trading after Harbinger Capital Partners disclosed Wednesday that it has taken a 9.48% stake in the struggling smartphone maker. For the noted hedge fund run by Philip Falcone, it's another bet in the wireless industry.
Palm seems to have had the good sense to shop itself around a month prior to reporting its devastating third-quarter earnings. It approached Chinese telecom Huawei Technologies, but the two never got to talk potential price before Palm's stock cratered.
Struggling smartphone maker Palm is reportedly gearing up for a sale, and is poised to put out a call for bids in a move that could come as early as this week. Palm's shares soared 20% in morning trading, climbing as high as $6.17.
Topping the wish list for the iPhone and iPad: broader ability to run more than one program at a time. Users who bemoaned the lack of multitasking may at last get their gripes addressed in software updates for the iPhone and iPad tomorrow -- though Apple has promised nothing.
Verizon Wireless announced it was slicing the prices on its Palm Pre Plus and Palm Pixi Plus by more than 60%, and on the BlackBerry Curve by more than 70%. That's good news for both Palm and Research In Motion, which have seen their smartphone sales slip recently.
Some of Monday's best stories for investors from the Internet, including stocks owned by both George Soros and John Paulson, Palm could be headed for a takeover, and is the stock market rigged?
The smartphone maker's stock cratered to a new 52-week low after it warned that fourth-quarter revenues would be roughly half of Wall Street's expectations. Then two analysts lowered their price targets for the stock to $0. That's like throwing gasoline on a four-alarm fire.
