Palm, Inc., the somewhat beleaguered company known for innovative software, hardware and the webOS has been in serious financial trouble of late. They have some really interesting products but sadly, still manages to lose money. Now it seems those trouble are behind them as Hewlett Packard today announced it is acquiring Palm for $1.2 Billion.
The acquisition has been approved by the boards of both Palm and HP, but is subject to regulatory approval by the Federal Government. Palm CEO John Rubinstein is expected to remain at the company in an as yet undisclosed capacity. It also appears likely webOS will live on, at least if you can believe what you read in press releases.
Want more info? If so, check out this official pres release from HP after the jump.



Back in 2005 an unknown director named Neill Blomkamp made a science fiction short with a few friends, a modest budget, and a Canadian production team. The short, titled
No, this isn’t a plug for the world premiere of one of the Transporter films to hit basic cable. Creator Luc Besson’s production company, EuropaCorp, has gotten the greenlight to go ahead with a full season of a Transporter TV series to be produced in Europe.
As if it was ever in question, Dreamworks was so pleased with the results that How To Train Your Dragon has brought in over the past month, pulling in nearly $400 million worldwide, that they are already gearing up for a sequel.