The Palm acquisition was one of ousted HP CEO Mark Hurd's last big moves. His replacement, Leo Apotheker, came from SAP, an enterprise software leader. John Gruber connects the dots (and proves once again that you can measure the quality of a DaringFireball entry by its length -- the shorter the post, the smarter the analysis).
Apotheker simply never had any interest in the consumer market or product development. My guess is that he planned on getting HP out of the hardware business all along, and Palm, at best, was an afterthought. If he’d been named HP’s CEO six months earlier, they never would have acquired Palm in the first place.
-Daring Fireball, August 21, 2011