Rejoice: HP is buying Palm! If the boring beigeness of HP doesn't kill it in the process, this could only be good for anyone looking for a neat, solid smartphone that beats Google and Apple in many areas.
It's not the first time Palm has come back from the dead. After Palm PDAs went down, Treo and Handspring temporarily resuscitated the business. WebOS arrived late, but it looked like it may save the day for a while. The third time may be the charm: After a precipitous decline in Palm's business and several weeks of speculation, HP announced today that they're acquiring the beleaguered phone company for $1.2 billion. The deal is expected to close by July 31, the end of HP's third fiscal quarter. Palm CEO Jon Rubinstein will remain with the company, though it's not clear in what capacity.