Let's say tonight you're on a date with a handsome fella for Valentine's Day. Things are going well, and you start to wonder what he's working with downstairs. You pull out your HP Palm phone, fire up "The Chubby Checker," an app made for guessing penis size, and get an estimate. The real Chubby Checker, the singer, wants everyone to stop doing that, and has filed a lawsuit against HP. Also, you probably blew the date the second you pulled out your Palm phone on the date. It's rude, and who still has a Palm phone?
HP may have gotten out of the tablet game, the smartphone game and, well, pretty much every branch of the consumer electronic market a while ago, but that doesn't mean their legacy won't live on. Members of the team that created WebOS, the operating system used by HP and latter-day Palm devices, are thrusting their product into the public trust, making the code open source. Yesterday, HP launched the beta for "Open WebOS," the first major milestone on the way to releasing it to the public in January.
For weeks, the tech media has wondered who was going to buy Palm, Inc., the pioneering smartphone manufacturer that has since fallen on harder times. Now, we've got an answer, and a price: The buyer will be HP, which has reached a "definitive agreement" to buy Palm for $1.2 billion.
This knocks out recent rumors that RIM or HTC would buy Palm, although an HP acquisition is a thought that has crossed some people's minds before.
Update: CNBC's breaking report on the acquisition, after the jump: