I was intrigued by today’s announcement that HP is going to purchase Palm. Unlike many of the folks in the investment world and technology analyst community, I think the decision makes a lot of sense – and could possibly be a worthy investment by HP. While some have stated that the $1.4 billion price was a bit much, I’m not so sure I see it that way.

While most view the Palm acquisition to be a mechanism for HP to quickly become competitive in the smartphone business, I actually think this acquisition gives HP something more valuable than a smartphone hardware platform, it gives them a flexible operating system for a variety of hardware devices.

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