26-02-2013, 09:51 AM
An example of big failure in corporate M&A activities. Bought US$1.2 billion, not sure the selling price? Maybe a good news to HP to offload it.
Palm was one of my favorite PAD then. Ease-of-use, plenty of apps, long battery life etc. etc.
HP sells webOS operating system to LG
SAN FRANCISCO - Hewlett-Packard said yesterday it will sell the webOS operating system to South Korea’s LG Electronics Inc, unloading the smartphone software it acquired through a US$1.2 billion acquisition of Palm in 2010.
LG will use the operating software, used in now-defunct Palm smartphones years ago, for its “smart” or Internet-connected TVs. The Asian electronics company had worked with HP on WebOS before offering to buy it outright.
http://www.todayonline.com/tech/hp-sells...-system-lg
Palm was one of my favorite PAD then. Ease-of-use, plenty of apps, long battery life etc. etc.
HP sells webOS operating system to LG
SAN FRANCISCO - Hewlett-Packard said yesterday it will sell the webOS operating system to South Korea’s LG Electronics Inc, unloading the smartphone software it acquired through a US$1.2 billion acquisition of Palm in 2010.
LG will use the operating software, used in now-defunct Palm smartphones years ago, for its “smart” or Internet-connected TVs. The Asian electronics company had worked with HP on WebOS before offering to buy it outright.
http://www.todayonline.com/tech/hp-sells...-system-lg