HP Vs Vagina over Palm – HP Wins

by Elias Shams
I guess Vagina is not as powerful as I thought it would be.

Referring to one of my latest post about the Vagina effect on Palm, HP just announced that it would acquire smartphone maker Palm, in a deal valued at $1.2 billion.

Under the terms, HP will pay about $5.70 per share for Palm, whose stock price closed at $4.64 on Tuesday.

The survival of Web OS had come under question in recent weeks, with some analysts suggesting that shares of Palm were essentially worthless. Things only got worse when RadioShack decided to stop selling Palm’s two flagship devices: Pre and Pixi.

I guess this means HP is now in the smartphone game – a space pioneered in many ways by Palm during the 1990s but since taken over by the likes of Apple, Microsoft, Google, and RIM.

Given Palm has only 6% of the smartphone market at last count, it will be interesting to see how HP will change the game. Frankly, not quite sure how this is as something that will bring Palm back into the limelight. Apple and Android already have too much momentum.  HP faces an enormously uphill battle in trying to become a major player in mobile. The market should have just let the Vagina to take the Palm down :-)

Perhaps webOS will step up the game with iphone and android.  Let’s see.

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