Palm’s Tungsten T3 was (and still is) one of the fastest-booting handhelds of all time – the introduction of NVFS slowed the boot process down to a “market level”.

HP now wants to get back to these old times of glee – LinuxForDevices reports the following:

HP has agreed to purchase the HyperSpace Linux fast-boot technology from Phoenix Technologies in a deal due to be completed later this month. In addition to purchasing HyperSpace, HP will acquire Phoenix’s HyperCore and Phoenix Flip instant-on and client virtualization products, with all three products netting $12 million in cash, says Phoenix Technologies.

Even though the boot time of the Pre is not too big an issue (the device is rebooted rarely), it is likely to become significant as the operating system is moved to devices like printers and scanners.

Given that HP is a huge company and that 12million USD are no money for them, the purchase doesn’t have to be too important – but it could lead to faster webOS boot times…

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