Palm, the company that invented the PDA but has struggled to stay relevant in recent years, will be acquired by computing giant Hewlett-Packard for $1.2 billion, CNET reports. The deal already has been approved by both companies' boards of directors and is expected to close by the end of July. For Palm, it's a quiet end to what was once one of the most dynamic of technology companies. Spun out of the computer networking maker 3Com 10 years ago, Palm once held more than 70 percent of the then nascent handheld computing market. But several years of management struggles, product...

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