HP is buying Palm
Was just announced on CNBC.
HP to Acquire Palm for $1.2 Billion - Yahoo! Finance
Makes no sense to me. Palm was floundering and there's no sense in HP trying again in handsets.
Palm was over $10 as recently as February, so anyone owning from there is having to sell at $5.70.
Beat you by 2 minutes :-)
And we had the same sort of commentary. Remember that Palm did a 1:20 reverse split a few years ago.
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