So HP finally bought out the struggling Palm for a cool $1.2 billion. This valuation equals to $5.70 per share of Palm common stock and the deal is expected to be completed by the July end this year. Palm CEO Jon Rubinstein will continue to stick with the company even after the deal.

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This is our second installment to the series ‘Operating Systems that power your mobile phones’. You can read the previous part here.

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