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EETimes.com – HP to buy Palm for $1.2B

April 28

Hewlett Packard Co. Inc. said it reached an agreement to pay $1.2 billion for Palm Inc. to secure a stronger competitive position in the lucrative but increasingly tough smartphone market where Apple Inc. has gained a huge following at the expense of early starters, including HP, Motorola, Nokia, Palm and Sony-Ericsson.

via EETimes.com – HP to buy Palm for $1.2B.

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