HP Acquires Palm

So HTC passed on Palm but HP clearly saw something they could work with and have spring $5.70 a share to take ownership of Palm in a deal expected to complete by the end if July.

What does this mean got the mobile marketplace? Well for starters I'm guessing that HP won't feel the need to continue its existing arrangement with Microsoft for Windows Mobile.

Will HP have the clout to make Web OS a success? I'm not so sure, after all the Ipaq has been rotting on the vine almost since the day HP took over from Compaq. The company has even lost its way in the corporate market.

Palm has a lot to offer HP, but only if the company commits to it whole heartedly. Part of me can't help but think that the wrong company bought Palm and a tie up with Nokia would have been infinitely more productive...