Analysts: HP sticking with smartphones

Hewlett-Packard has been a little unclear lately about its commitment to the smartphone market. HP CEO Mark Hurd raised a few eyebrows last week when he said HP didn't spend $1.2 billion to buy Palm (NASDAQ:PALM) so it could be in the smartphone business. The company quickly tried to clarify his remarks, and said HP acquired Palm and its webOS platform for "an array of interconnected devices, including tablets, printers and, of course, smartphones." Despite the confusion, analysts think HP is going to be in the smartphone business for the long haul. Kaufman Bros. analyst Shaw Wu told MarketWatch that HP's acquisition of Palm is a "potential shot at greatness," and that if the deal doesn't work out, it's "just a month's cash flow." Article

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