Palm to Be Bought By Hewlett Packard: Time to Invest in Palm?

It has long been rumored but investors finally got confirmation this week that Palm would be sold. The only thing that many investors did not know was who was going to buy this company that has fallen from its height of the 1990s. Who bought this company? None other than technology pioneer Hewlett Packard, which paid a hefty sum for this company that helped create the smart phone market as we know it.