HP CEO Says 'We Didn't Buy Palm to be in the Smartphone Business'

HP CEO Mark Hurd discussed the company's reason for buying Palm and their future plans for the acquisition at the Bank of America Merrill Lynch technology conference,

Hurd said that the company isn’t going to "spend billions of dollars trying to go into the smartphone business; that doesn’t in any way make any sense."

We didn't buy Palm to be in the smartphone business. And I tell people that, but it doesn’t seem to resonate well. We bought it for the IP. The WebOS is one of the two ground-up pieces of software that is built as a web operating environment…We have tens of millions of HP small form factor web-connected devices…Now imagine that being a web-connected environment where now you can get a common look and feel and a common set of services laid against that environment. That is a very value proposition.


Read More [via Engadget]