HP’s $1.2 billion dollar buys breaks down to approximately $5.70 per share of regular stock. As this is mark on with the $1.2-$1.3 billion asking price Palm was whispered to be shopping around as of not on time, it’s still an enormous distinction in what Palm was dealing at just months before.

In October 2009, Palm was valued about $17.46 per share; unfortunately, by January of this year, that was losing to $13.41.
And for all webOS fans: Don’t worry — it doesn’t seem like the platform is leaving anywhere just yet. It comes into view that the companies plan to persist in the development of webOS, leveraging HP to “swiftly speed up the development” of the platform.

HP has apparently been easing their efforts in the pocket able mobile space recently — but with the iPAQ line and innumerable Pocket PC handsets behind them; they’re by not at all guests to it.

Though, the Smartphone space might not be HP’s only attention here – given HP’s fresh wish to get on Apple in the tablet space (with the HP Slate) and that Windows-powered tablets just don’t appear to vend, maybe we see a webOS-powered tablet for a moment in the prospect? Balancing with the appropriate hardware, webOS could effortlessly make for an utterly unbelievable tablet experience.

Even if HP deserted webOS all in all, they just purchase themselves a hideous card to play: “Palm’s patent catalog.” It’s a porcupine method: It’s stiff to make a big hollow in the Smartphone biz when every company approximately can throw copyright violation suits at you — but when you’ve got hundreds upon hundreds of patents in your arsenal, people are going to be the entire lot more cautious about footstepping on you.

Opposing to previous rumors, it seems that CEO Jon Rubinstein will be residing with the company. To extract the launch,
“Palm’s current chairman and CEO, Jon Rubinstein, is expected to remain with the company.”

[Via Mobilecrunch]