When Hewlett-Packard ponied up $1.2 billion for struggling smartphone maker Palm, the move was widely seen as a quick way for the PC and enterprise services company to get into the burgeoning mobile device market.
Not so, HP CEO Mark Hurd said Wednesday. At the Bank of America Merrill Lynch technology conference, Hurd said his company has broader plans.
He told the audience that HP did not "spend billions of dollars trying to go into the smartphone business; that doesn't in any way make any sense," according to a ZDNet report.
We didn't buy Palm … Read more