HP are currently manufacturing the Windows Mobile phones which is powered iPAQ and now with Palm they will get into the phase of smartphones. Palm was very popular during early the 1990s but with new companies like Apple, Microsoft, Blackberry they w

Palm's chairman and CEO, Jon Rubinstein said, "We're thrilled by HP's vote of confidence in Palm's technological leadership, which delivered Palm webOS and iconic products such as the Palm Pre. HP's longstanding culture of innovation, scale and global operating resources make it the perfect partner to rapidly accelerate the growth of webOS". "We look forward to working with HP to continue to deliver industry-leading mobile experiences to our customers and business partners." 

 
However Palm's current chairman and CEO, Jon Rubinstein, is expected to remain with the company as he has given a lot to the company. Even HP’s biggest rival, Dell, is getting ready to launch an Android-powered smartphone later this year, so it will be a tough competition for both the PC makers to survive in the market. 
 

HP are currently manufacturing the Windows Mobile phones which is powered iPAQ and now with Palm they will get into the phase of smartphones. Palm was very popular during early the 1990s but with new companies like Apple, Microsoft, Blackberry they were facing huge competition all together.
 
So, it will be interesting to see what new changes HP do in their new brand, Palm mobile phones to atrract the customer who have a lot of other options too.