HP announced yesterday that they will acquire Palm for $1.2 billion. Palm has been a leader in handheld consumer electronics for many successful years. With the transition from PDAs to smartphones, Palm has had to reinvent its business strategy. The iPhone craze changed the landscape of consumer electronics. Palm entered the smartphone market too late with its Palm Pre and Palm Pre Plus line. Those I know who own a Palm Pre are very happy with WebOS, Palm's smartphone OS.
By the time WebOS was released, Android and iPhone were already way ahead in features and capabilities. Android and iPhone still provides a better smartphone experience than WebOS.
It's still unclear what HP intends to do with Palm's technologies. I hope that HP will convert the WebOS lineup to Android and opensource WebOS. Neither of those will probably happen, but it's what I'd like to see.
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