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HP Buys Palm for $1.2 Billion

April 28, 2010, 1:41 pm
Hewlett-Packard just announced its intent to buy Palm for $1.2 Billion at $5.70 per share. The transaction has already been approved by the HP and Palm boards of directors. The move was made to give HP a better shot at winning some smartphone marketshare - an industry quickly growing. "Palm's innovative operating system provides an ideal platform to expand HPs mobility strategy and create a unique HP experience spanning multiple mobile connected devices, said Todd Bradley,

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