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The whole purpose behind HP purchasing Palm was to obtain the WebOS platform, which is a mobile-optimized operating system (unlike Windows 7). HP has been planning on selling WebOS devices for nearly a year now, so the best guess is that they'll give it another year or two. A lot of folks forget that Compaq was in the smartphone business too, but they were never that successful with it. Maybe HP should buy RIM and put them out of their misery.
HP to buy RIM? That's a hoot. For as much of a blasting that RIM is taking in the media, they're still the number 3 seller of Smartphones worldwide. WebOS? That's just a pipe dream. Sure, HP is bigger than RIM but RIM has a lot more experience than Compaq ever had when it comes to delivering a secure, managed messaging platform for mobile execs.