HP must have a whole forest of money trees and nowhere to stash the leaves.

They're going to pay 1.2 BILLION for Palm. That's about 50% more than Palm's current market cap and probably 4 (or more) times what they're worth, IMO. A "23% premium" on the share price as of close today ($5.70 per share buy compared to 4.63 close). I'm not sure where the extra millions are going (1.2B versus 961.5M for all shares valued at 5.70).

I suppose if you don't want someone else to grab them you have to pony up a good offer right away instead of waiting for the inevitable firesale. Palm was on a fast ride to the bottom.

Can HP do something with the Palm technology? Maybe. But I don't think it's going to be any more relevant compared to Android, iPhone and Blackberry than it has already been.