HP and Palm Become One

HP:

HP today announced it has completed its acquisition of Palm Inc. at a price of $5.70 per share of Palm common stock in cash.

The combination gives HP significant headway into one of technology’s fastest-growth segments with Palm’s innovative webOS platform and family of smartphones, plus a rich portfolio of intellectual property from the smartphone pioneer.

I really hope they can release some killer WebOS devices. It’s a great mobile OS, but Palm’s hardware sucks.