Palm shareholders approve $1.2 billion HP acquisition


Todd Bradley, executive vice president, Personal Systems Group, HP
Hewlett-Packard’s $1.2 billion acquisition of Palm is set to be finalised in the coming days after the company’s shareholders approved the deal.
Media reports have revealed the deal is now expected to close sometime in the first week of July.
Palm senior management including its CEO Jon Rubinstein are to be assimilated in to HP’s mobile devices division where new OS’s are expected to be developed..”I’m not allowed to talk about future roadmaps, especially because we’re in the process of being acquired by HP, so I can’t say,” Josh Marinacci, a member of Palm’s developer relations team, said last week on a webinar hosted by AT&T Mobility “But yes, we have a road map. We are working on future devices. And [a] new version of the OS. So I think, you’re going to find the next year very exciting.”
“Palm’s innovative operating system provides an ideal platform to expand HP’s mobility strategy and create a unique HP experience spanning multiple mobile connected devices”, said Todd Bradley, executive vice president, Personal Systems Group, HP.
Bradley explained that Palm’s choice was justified by its “significant IP assets” and the rapidly growing smartphone market, in which HP “intends to be a leader”.