jon rub

HP-Palm: Everyone's a loser but Apple

April 28, 2010: 5:09 PM ET

Hewlett-Packard's Palm buy could be a good fit, but it's got a long way to go before it can catch up with the iPhone.

Not even a year ago Palm (PALM) and its chief investor, Elevation Partners, confidently spun a yarn about the pioneering company's long-term plan. The smartphone market was nascent. It was going to be massive. Even a small share of such a big market would lead to huge success for a smaller player like Palm.

Unfortunately for Palm, while the first two legs of its narrative stool are correct, the third isn't, which is why Palm folded Wednesday with its fire-sale purchase by Hewlett-Packard (HPQ). Let this be a cautionary tale for all sorts of reasons: More

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