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HP has come to a definitive agreement to purchase Palm in a deal valued at $1.2B. The deal is subject to regulatory approvals and is expected to close in HP's third quarter. Palm has been struggling for some time in terms of both its market...
(28-Apr-10) After struggling in recent years to reclaim the success it once had in pioneering the personal digital assistant market, smart phone vendor Palm (Nasdaq: PALM) has agreed to be acquired by Hewlett Packard Co. (Nasdaq: HPQ) in a deal...
Palm's inability to build on its early lead in the handheld space is a perfect lesson for what innovators must do to survive.