HP buys Palm | Image : www.ubergizmo.com HP has announced that it will purchase Palm for about $1.2B in cash, which is about a 30% premium on the company’s market value when it was announced. For Palm, it simply means “survival”, but for HP, this could mean having a shot at controlling its own destiny in a very competitive market

Continued here:
HP buys Palm, Acquires Key Smartphone Technology