Tag Archives: HP

HP is buying Palm for $1.2 Billion

Hewlett-Packard is going to buy phone maker Palm for $1.2 billion. Even though Palm last year released a new operating system, WebOS, which is running on two phone models, the company is recently straggling to sell the phones. It is mainly because of a strong competition from Apple’s iPhone and Google’s Android phones

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Hewlett-Packard Grows

Hewlett-Packard announced that the company’s first-quarter profit increased by 28 percent from a year 2009. HP’s profit for the quarter ended January 31 2010 was US$2.3 billion, up from $1.9 billion in the same quarter last year. Hewlett-Packard’s revenue increased by 8 percent to $31.2 billion.

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