HP to Acquire Palm for $1.2 Billion ➹

Makes sense - HP can now take webOS (or the bits of it they want) and tackle the mobile market with a fresh, wholly-owned platform with zero licensing fees. Of course, the HP Post (or whatever) will also be able to tell you when your printer is running out of ink… Next up in Palm speculation - the return of the Foleo. Will it really come back as a slate running webOS?

Update: Michael Mace’s quick notes are, as always, well worth reading.