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mergers & acquisitions, smartphone market
(Image from article: "H-P to Buy Palm for Nearly $1 Billion")

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H-P to Buy Palm for Nearly $1 Billion

H-P to Buy Palm for Nearly $1 Billion

Hewlett-Packard has agreed to buy struggling smart-phone maker Palm for nearly $1 billion in cash. HP said Palm's webOS operating system will help it compete in the smart-phone market.

 

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