Does HP + Palm = Facepalm?

When I first read the news that HP was buying Palm for $1.2 billion, my first reaction was that HP had lost its marbles (“clueless” was how I tweeted it.) Why, I wondered, did it need to pay $1.2 billion for a dying platform when it could have used the increasingly-popular Android for nothing (OK, it probably picked up a few useful patents, as well)? I also thought that it didn't have the resources to enter the extremely competitive area of smartphones.

On Open Enterprise blog.