Wednesday, April 28, 2010
HP and Palm
An odd thing occurred today - HP decided to purchase Palm. You may remember that when HP was purchasing (in my opinion for a high premium) Compaq one of the attractions was the consolidation of the Compaq and HP handhelds which were assumed to be sophisticated PDAs. I am not sure if the HP product is still on the market. In the end HP bought a turkey in Compaq - they have now acquired a pretty good but pretty stodgy PDA maker at (even with a 23% premium) a pretty good price and they have kicked butt on printers. (Which is what Walter Hewlett was arguing all along.) So after all this time - what is the net result except that HP still paid too much for Compaq?
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