Hasta La Gadget!

Last night TechCrunch reported that, according to an unnamed “source briefed on the matter,” HP had stopped development of the Slate in its tracks, killing off the project entirely. Why? Well, according to the source, HP isn’t thrilled with Windows 7’s performance on the tablet. The Slate — which was officially unveiled in January by Steve Ballmer himself — had a rumored price of $549, and was supposedly launching in June. So, what should we make of all this? Well, there’s probably some major chaos over at HP with the news of the Palm acquisition, so we wouldn’t be surprised to hear some shaky — or even incorrect — information coming out of the company right now. On the other hand, HP killing off the project doesn’t sound completely out of the realm of possibility to us. We’ve reached out to HP for comment, but they’ve yet to get back to us. We’ll let you know when we hear something more concrete.

Update: Here’s the response we just go from HP — “We don’t comment on rumors or speculation.”

HP Slate killed? Rumor mill says ‘yes’ originally appeared on Engadget on Fri, 30 Apr 2010 10:46:00 EST. Please see our terms for use of feeds.

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HP announcing that it’s going to buy Palm in a $1.2b all-cash transaction certainly took everyone by surprise, but in many ways the deal makes perfect sense. HP is a gigantic player in the tech industry but has no appreciable presence in rapidly-growing mobile space, and Palm — well, you should know how we feel about Palm by now. Even still, we can’t say we were expecting this one, and it looks like most of you weren’t either — HP only got two percent of the vote in our “who should buy Palm” poll, while Engadget (that’s us!) got… fourteen percent. Oops.

But now that we’ve had a day to wrap our heads around the news and think about what Palm and HP said to us last night and to analysts on the conference call announcing the deal, we think we’ve got a pretty good set of educated guesses on how things might shake out over the next few months. Read on!

Continue reading HP and Palm: what happens next

HP and Palm: what happens next originally appeared on Engadget on Thu, 29 Apr 2010 14:05:00 EST. Please see our terms for use of feeds.

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We just spoke with both Brian Humphries, HP’s Senior VP of Strategy and Corporate Development, and Palm CEO Jon Rubinstein, and came away with a pretty positive picture for the future of Palm. The money quote is that HP plans to be “doubling down on webOS,” and that was confirmed in speaking with Palm’s honcho, who says that “that was the whole point.” Not only that, but we’ve confirmed on both ends that Jon will be staying on with the company, along with much of the existing Palm hierarchy. There are plenty of transition details to work out, but Jon says there will be lots of time for all that during regulatory and shareholder approval. The word is that Palm’s existing hardware roadmap is basically untouched at this point by this acquisition, but the good news on the HP end of things is that the company sees webOS as a “prized asset,” and they intend to “scale it across multiple connected devices.” That sounds like tablets to us, and HP didn’t beat back that assumption. On the Palm hardware end, Jon is very fond of saying “scale,” referring to the money and manufacturing resources at HP’s disposal, but he also says that he sees Palm working hand in hand with HP on devices. One point that both companies were less clear on was the Palm branding itself — you know, whether Palm will stay Palm. Both Brian and Jon said those kinds of details would be worked out as the acquisition went forward, but offered no concrete comment on it otherwise.

Money-wise we asked if Jon thought HP could provide the sort of “ammunition” to beat Apple, Google, and Microsoft at their own mobile game, and Jon says “I don’t think HP would do this unless they were willing to make the kind of investment necessary to win.” HP calls webOS a “compelling operating system,” but that Palm didn’t have the money to compete and “scale it across multiple form factors,” and that it’s exactly HP’s financial wherewithal, brand, and corporate culture that it brings to the table. HP and Palm won’t comment specifically on the forthcoming device roadmap, but HP did confirm that it had tested the platform “to make sure it scales.” They keep saying “scale,” but all we’re hearing is “tablet.”

HP: ‘We’re doubling down on webOS,’ Palm: ‘That was the whole point’ originally appeared on Engadget on Wed, 28 Apr 2010 16:56:00 EST. Please see our terms for use of feeds.

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Well, we can’t say we were expecting HP to step up and be the one to buy Palm, but here we are, getting ready to liveblog the conference call. The deal is worth some $1.2b, and we’ve heard that HP is “doubling down” on webOS, so we’re eager to find out what’s in store — and, quite frankly, we’re excited to repeatedly hear that it’s really, really true. It’s about to start at 5PM EST, keep it locked right here.

Continue reading HP buys Palm: the liveblog

HP buys Palm: the liveblog originally appeared on Engadget on Wed, 28 Apr 2010 16:54:00 EST. Please see our terms for use of feeds.

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HP has just announced that it’s acquiring Palm to the tune of $1.2 billion, which works out to $5.70 per share of Palm common stock. The deal is planned to close by July 31, which marks the end of HP’s third fiscal quarter of the year. Current Palm CEO Jon Rubinstein is “expected to remain with the company,” though it’s not said in what capacity. Press release after the break. There’ll be a call to discuss the acquisition in more detail (well, we hope in more detail) at 5PM ET, so we’ll keep you abreast as we learn more.

Update: PreCentral‘s managed to grab a copy of Rubinstein’s letter to Palm employees.

Continue reading HP buys Palm

HP buys Palm originally appeared on Engadget on Wed, 28 Apr 2010 16:06:00 EST. Please see our terms for use of feeds.

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