- Comments Off on Apple Acquires Intrinsity
One of Apple’s latest acquisitions is the semiconductor company Intrinsity. Apple, being its usual stealthy self, did not announce this acquisition. Astute observers discovered it by realizing that Intrinsity’s employees started working for Apple in April of this year.
Filings from Apple showed that the company spent around $325 million in business acquisitions: Quattro Wireless, Lala, and Intrinsity. Analysts have estimated that Apple paid less than $50 million for Intrinisty.
Intrinisty was founded in 1997 and initially worked on developing circuit design technologies. Their business started off rather slowly but increased when it began to work with other companies such as ARM (another company who name has been tied, though falsely, to Apple).
The company appeared to be having financial trouble in January 2010 and some analysts speculate that Apple was able to buy it for a relatively low price, which would explain why Intrinsity would not want the price made public.
Via AnandTech, image via Intrinsity.
- Comments Off on HP to Buy Palm
Computer maker Hewlett-Packard announced today that it intends to purchase Palm, the struggling maker of Pre and Pixi smartphones. HP will pay $1.2 billion for Palm and gain access to Palm’s software for smartphones and computer tablets. The acquisition will help Palm immensely, as it had to put itself up for sale due to financial difficulties.
HP should be a help to Palm, as it has a lot more money, but both companies have ultimately been less than successful in the mobile phone market. Analysts have said that there will be challenges for the two companies.
Both HP and Palm have not fared well over the past three years and were overshadowed by other makers of smartphones like Apple and Research in Motion. Few people even know that HP does indeed make smartphones—though it is the number one seller of PCs in the world, it is not even in the top 20 sellers of smartphones.
Via The New York Times, image via HP.