HP: A Transformational Deal for the Mobile Market
HP held an conference call with investors and analysts on the Palm acquisition. In the call Todd Bradley, executive vice president, Personal Systems Group, HP laid out the motivations behind the transaction. Mr. Bradley remarked that it represents a "transformational deal for the connected mobile device market" and he gave a few details and hints about HP's plans for the future of webOS.
Mr. Bradley made a point to highlight that webOS lends itself to additional mobile form factors and he stressed the benefits of owning the entire mobile experience. He said that HP sees opportunities in other mobile form factors and market segments for the platform. In specific, larger slate style devices were mentioned a number of times as well as "potential netbooks." He remarked that HP had gone through the due diligence to confirm that webOS would be able to support such future products. When pressed in the Q&A he declined to give any sort of timeframe or potential product roadmap.
"between smartphones, slates and potentially netbooks represents an enormous opportunity to our customers. We believe that this is a very, very early stage market."
On the business side of things HP expects most of Palm's leadership to remain with the company. HP will leverage its financial strength and global reach to help realize the full potential of Palm's mobile operating system. Execs also remarked that HP will be bringing more resources into Palm which it expects to run as a separate business unit. Investments in R&D, sales and marketing will likely be given priority once the deal is approved. HP will also leverage much its own technology, scale and relationships on future hardware and component deals.
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