I for the life of me can't see how this is a good move for HP. Not for 1.2 Billion. The pre and Web OS are pretty fantastic, but so are so many other things in this really crowded market.
I know what the growth projections are for smart phones, but with everyone fighting for their cut, I just don't see what HP is going to do for Palm that Palm could not do for Palm?
This is a great move on HP's part. They want to compete with Dell's new line of smartphones and they want to compete with Apple's iPad in the near future. I think they saw massive potential in WebOS as a platform that could be used on a wide variety of devices with a unified user interface. This is about way more than just smartphones to HP.
I also think this is a good move for HP. Plus, they're not only purchasing rights to use WebOS, they're getting the entire Palm name. It does carry value since it is highly recognized (the question of whether it is highly recognized as a sign of quality, I'll leave that left to be decided).
There are reports that just the App market alone will be a $15 Billion market in the next few years. 6% of that alone is pretty close to paying for the purchase.
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I know what the growth projections are for smart phones, but with everyone fighting for their cut, I just don't see what HP is going to do for Palm that Palm could not do for Palm?
HP also wants to put webOS on LOTS of stuff - phones, slates, maybe netbooks. I think they could do interesting things with webOS on a slate.
-Bobby
WebOS on a slate would be fan-effing-tastic. =D
I'm obviously not a fortune CEO, but I'm just having a hard time seeing that kind of value.
-Bobby