Palm has been saved, purchased by HP for $1.2 billion, which was a premium on the stock price. This is a good deal for both companies. Palm was in serious trouble, with its new Pre and Pixi smartphones not selling very well, and its stock price tanking. HP on the other hand did not have… Continue reading Palm acquired by HP
Tag: merger
The beginning of the end? AOL to go its own way Dec 9
Back in the mid-90s, I really thought that AOL (America Online) couldn’t keep competing against the tidalwave of new ISPs that were offering Internet connectivity for much less, not to mention without the horrible bandwidth-sucking AOL application in an age of dial-up modems. I was quite wrong. Relatively few knew about those ‘other’ ISPs and… Continue reading The beginning of the end? AOL to go its own way Dec 9
Oracle to buy Sun Microsystems
In what seems to be a rather bizarre marriage, Oracle will snap up Sun for approximately $7 billion after IBM declined to up their bid. Oracle is primarily a software company and this will be a huge foray into hardware for them, although they will get Sun’s operating systems, Java and other software assets. Unfortunately,… Continue reading Oracle to buy Sun Microsystems