Much of the coverage of Hewlett-Packard’s (HPQ) $1.2 billion acquisition of Palm Inc. (PALM), announced Wednesday, had a rescue element to it: “HP Bails Out Struggling Palm,” from the Los Angeles Times, was a typical headline.Indeed, both the price – a 23 percent premium over the share price of Palm, which had been seeking a buyer for months – and the ... (1085 words)

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