HP buys Palm - Geeks rejoice

While the Apple Newton was the first attempt at a mass-market PDA, Palm was the company that really brought the idea of a handheld computing platform to the masses. Their "Palm Pilot" transformed the industry and reminded techies that simple is good. In recent years, Palm has fallen on hard times - mostly due to missteps by management teams who had no idea how to compete with the modern threats of Apple and Google - but after a few weeks of uncertainty HP has announced a purchase of Palm for $1.2 billion. This goes a long way toward ensuring some kind of future for the innovative company.

And as Sean has pointed out, this may lead to even more exciting possibilities like an HP branded iPad competitor running the WebOS!