Life Moves Fast: Palm Goes to HP on Thursday

Palm’s days as an independent company are nearly over.

According to a Securities and Exchange Commission filing released Friday, Palm (PALM) shareholders have approved the company’s buyout by Hewlett-Packard (HPQ), clearing the way for a $1.2 billion deal to close July 1–this Thursday.

Then begins the hard work of transition and integration, a process that will see Palm CEO Jon Rubinstein taking the reigns of HP’s new mobile devices unit and rolling out some new webOS-based devices, hopefully sooner than later.

Asked about the company’s near-term product road map at a developer event Thursday, Palm’s Josh Marinacci had this to say: “I’m not allowed to talk about future road maps, especially because we’re in the process of being acquired by HP. But yes we have a road map. We are working on future devices. And a new version of the OS. So I think you’re going to find the next year very exciting.”