Palm bought by H-P

Palm PreStruggling smart-phone pioneer Palm Inc., unable to keep up with Apple’s iPhone or RIM’s Blackberry, is being bought out by Hewlett-Packard for around $1.4 billion in cash.  School of Management Professor N. Venkat Venkatraman, chair of the Information Systems Department, says he has his doubts if H-P CEO Mark Hurd can make this bet pay off.

“But if he can develop a series of devices (netbooks, smartphones and other devices) using Palm WebOS, then H-P could emerge as a serious competitor to Apple, Google, Nokia, RIMM and Microsoft. “

Contact N. Venkat Venkatraman, 617-353-7117,

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