Qualcomm buys Palm patents from Hewlett Packard
SAN DIEGO (AP) -- Cell-phone chip maker Qualcomm Inc. says it has acquired patents once owned by smart phone maker Palm Inc. from Hewlett-Packard for an undisclosed amount.
Qualcomm says the purchase covers 1,400 U.S. patents and about 1,000 more foreign patients for the company's mobile computing technology.
Hewlett Packard paid $1 billion for Palm in 2010 as part of its first foray into tablet computers and smartphones, which ran on the Palm operating system. The effort flopped and Hewlett now sells tablets using Android and a recently introduced version of Windows. The company hasn't re-entered the smartphone market.
Terms of Thursday's transaction were not disclosed.