HP Buys Palm

Ohh, my goodness HP Buys Palm. Ohh, what a hot topic it is. The whole world is going mad to tweat it, share it and talk about it, HP just announced to acquire Palm for 1.2 billion dollars. That's great man, really great. But let me ask one thing, DO YOU KNOW WHAT IS PALM?
Ops, if you don't know let us try to know what is Palm, or more specifically Palm OS :-).
Palm OS is a mobile operating system which was introduced in mid 90s and since then it is being used on mobile and hand held devices like PDAs. Palm was sold and purchased by several other companies in the past also. Palm Inc. was suffering these days so HP came to rescue them. Now they would be a sub part of HP and a new addition to HP's product line.
What next? Well next would be a new player in the smart phone market. As Nokia enhancing its business capabilities buy acquiring various software and hardware related companies, Google has entered into the market by introducing Android and NexusOne, Apple is a big stack holder as an iPhone producer, Microsoft is already producing Windows Mobile OS so why not HP? HP will enter into the market with the experience and goodwill of Palm and its products and both will get benefits. You may hear in a few days that Palm OS or its products are open sourced, HP is going to introduce a new smartphone and things like that. So next days are going to be really interesting regarding the smarphone market.