HP didn’t buy Palm to make phones
It seems that those who proposed that HP bought Palm for the WebOS program, and not for the ability to make phones, hit the nail on the head.
HP CEO Mark Hurd was speaking at the Bank of America Merrill Lynch conference yesterday according to Engadget, and bluntly said that HP was after the intellectual properties (IP) that Palm had to offer, and not its smartphone division. Considering how crowded the smartphone market is right now, and the last two Palm phones pretty much failed, this makes sense as it would almost be like starting over, and that would require a huge investment.
Here is what Mr. Hurd said:
We didn’t buy Palm to be in the smartphone business. And I tell people that, but it doesn’t seem to resonate well. We bought it for the IP. The WebOS is one of the two ground-up pieces of software that is built as a Web operating environment…We have tens of millions of HP small form factor web-connected devices…Now imagine that being a web-connected environment where now you can get a common look and feel and a common set of services laid against that environment. That is a very value proposition.
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