Hp Buys Palm

Well , that came out of left field.

HP has bought Palm for about $1.2 bn (not a bargain price we think)

Which really means that HP has bought WebOS and a brand. It was increasingly becoming apparent that HP had backed Windows Mobile, was not part of the Windows Phone 7 launch group and needed traction in the smartphone market.

What next?

Well, we'll see a range of HP smartphone running WebOS obviously, which will likely amount to the same as a bunch of Palm smartphones running WebOS, which is seen to be a very "smart" OS but not a majorplayer in the Iphone, Windows Mobile, Android, Symbian field.