MediaFile

Six months after Hewlett-Packard announced it was buying smartphone pionners Palm  for $1 billion, technology watchers are still waiting to see just what emerges from the high-profile marriage.

Palm chief Jon Rubinstein still isn’t tipping his hand on any details around smartphones and tablets that are due next year from the new HP unit. But he certainly made no effort to manage expectations on Tuesday at the Web 2.0 conference in San Francisco.

“It’s absolutely a hits business…We have several products that will clearly be hits when they come out,” said Rubinstein, who predicted “tremendous growth” in devices based on webOS, the Palm platform that HP acquired when it bought the company this year for roughly $1 billion.

“At the same time next year you’ll see us be in a very different position,” he said, saying there is still plenty of room in the fast-growing market for mobile connected devices

Rubinstein is of course famous as the man who developed Apple’s first iPod. But he started his career some 30 years ago, right out of college, at HP. Rubinstein acknowledged that by landing at Palm after leaving Apple, he is definitely off Steve Jobs’ Christmas list.

When Dell hired Motorola’s cell phone president Ron Garriques in 2007, the talk was that the PC giant was preparing to enter the smartphone market.

More than two years later, Dell is still without a handheld gadget.

Instead of trying to build its own smartphone, Dell should simply acquire Palm, said Collins Stewart analyst Ashok Kumar in a note to investors on Friday.

Kumar posits that a Dell acquisition of Palm would help both companies, giving Dell a hot new product in Palm’s recently-released Pre, while giving Palm the deep pockets necessary to hang with the big guys.