Linked by Thom Holwerda on Wed 28th Apr 2010 20:37 UTC
PDAs, Cellphones, Wireless Well, if we had one of those obnoxious "BREAKING!"-tags on OSNews, this would definitely fit the bill. While we were busy discussing whether HTC or Lenovo would snap up Palm, another major worldwide computer company picked up the Sunnyvale-based mobile outfit: Hewlett-Packard has bought Palm. Updates from the conference call inside.
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Investigation already started
by umccullough on Wed 28th Apr 2010 22:18 UTC
umccullough
Member since:
2006-01-26

It seems there's already some question over the speedy deal that was made with HP and Palm's board without stockholder knowledge beforehand... There's already a class action lawsuit being setup by shareholders:

http://www.zlk.com/palm.html

I admit, I am a bit disappointed at the price point that was settled on, being a PALM stockholder myself... I stand to lose a bit of money on this deal (not enough to really be upset over really).

Reply Score: 2

mrhasbean Member since:
2006-04-03

Well would you look at that. Apparently it isn't just big corporations that sue when they don't like how something is progressing...

As for the deal, I think it's good news for Palm, HP and the loyal customers of both companies. WebOS is certainly a very nice piece of kit and it would be a shame to see it rotting on a shelf somewhere, and HP have the wherewithal to manufacture some decent hardware for it to run on.

Time to stock up on the popcorn and get a comfy chair...

Reply Parent Score: 2

umccullough Member since:
2006-01-26

There's already a class action lawsuit being setup by shareholders:


And now a second law firm has announced intent to investigate the acquisition:

http://www.businesswire.com/news/home/20100428007249/en/Robbins-Ume...

It seems there's quite a few people upset over this sale...

Update: make that 3 of them:

http://www.businesswire.com/news/home/20100428007223/en/Finkelstein...

Edited 2010-04-29 00:03 UTC

Reply Parent Score: 2

umccullough Member since:
2006-01-26

Update: make that 3 of them:


Wow, the lawyers are all over this like nobody's business:

http://www.businesswire.com/news/home/20100428007259/en/Law-Offices...

Reply Parent Score: 2