Palm's deal hurts investors

The today announced Palm's merging with HP severely hurts investors. It can also be interpreted as a plot against investors : the CEO posts a "bad" prospection ( its only a prospection!) on earnings, some analysts then lower rating and plump stock price down; then HP, who can well be part of the plot designer at the very beginning comes in and offer a low price to acquire the company. They just played such a dirty game to suck in investors' money. And that also disappoints people who loves the WebOS and believes its bright future. Leaving of the VP of R&D can be a reflection of conflicts and different voices inside the company. It can be the case that some big share-holders also participated in this dirty game. The SEC should give it a careful investigation and should not approve the merge to happen as soon as July.

1.2 billion is such a bargain for HP. If I was CEO of HP, I would be more than happy to spend another one billion to work around the leading group of Palm to "approve" this deal. How can investors' be protected? If this can be approved, then is there ANYTHING in US market worthing investing?

How can you believe that an operating system with leading technology in a fast growing intelligent handheld market worths ONLY 1.2 billion?

Last week the CEO of Palm, Jon Rubinstein, still said to public that he believed Palm, with its leading technology, could survive. Some investing institution also estimated the value of the company to be about $14 per-share, about 3 billion, given the OS platform and patents hold by the company.

Maybe the deal would let stronger support for further development of the WebOS but HP, given its history, had never done well in this and I don't think it is really interested in making innovative consumer products. WebOS had had good chances to be opened to non Palm made handhelds and even go open source, but now all vanishes. Android will rule -- iphone OS will be beaten just like Microsoft won apple before.

Last word, SEC should seriously investigate the case and make sure guys who actively approve the deal are really doing all legal which I seriously doubt it.

Guess what will happen next? HP will sell this bargain to companies like HTC or Lenovo who plans seriously in US and global market. It will sell for at least 4 billion but no current investors could not benefit from such a future deal of OUR ASSETS! The SEC should make sure that this kind of things never happen, e.g., forbid HP to sell what it gets from this deal for, say , 5 years.

Why sue Goldman Sachs? SEC should sue Palm!